The Conservative Party announces today that Michael Farmer has been appointed Conservative Party Co-Treasurer with effect from March 1 2012.
Lord Fink is stepping down after three years as Party Co-Treasurer and Peter Cruddas will take his place on the Board of the Conservative Party.
Lord Fink, said: "The three years I have spent as a Board member and Co-Treasurer of the Conservative Party have been hugely enjoyable and rewarding. Stepping down will allow me the opportunity to focus more time on my business interests and philanthropic work. I remain hugely committed to the Conservative Party as a working peer and donor and wish Michael all the success in his appointment."
The Prime Minister, David Cameron, said: "I would like to thank Stanley for his dedication and service to the Party, in particular over his last three brilliantly successful years as Co-Treasurer. He has brought great skill and dedication to the role, and can be extremely proud of what he has achieved."
Conservative Party Treasurer, Peter Cruddas, said: "I am delighted to welcome Michael to the team. He is an outstanding businessman who is widely respected and admired. He will assist in leading the charge of raising funds and I look forward to working closely with him."
Conservative Party Co-Chairman, Lord Feldman said: "We are very pleased to welcome Michael Farmer as Party Co-Treasurer; he will be an excellent addition to the team and look forward to him taking up the role. The whole Party would like to thank Stanley for his outstanding contribution to the Party over the years and look forward to his continued support."
Michael Farmer said: "It is a tremendous honour to be asked to be Co-Treasurer to the Conservative Party. I believe David Cameron and his team have the vision and the policies to help this country out of the mess that Labour left and put the country back onto the right path for the future."