Stobart Group Limited Board Changes (9630V)
21 Gennaio 2013 - 8:00AM
UK Regulatory
TIDMSTOB
RNS Number : 9630V
Stobart Group Limited
21 January 2013
21 January 2013
Stobart Group Limited
("Stobart" or "the Group")
Board Changes
Retirement of Non-Executive Chairman and a Non-Executive
Director
Appointment of Executive Chairman
Stobart Group, the leading provider of UK support services,
announces that Rodney Baker-Bates, the current non-Executive
Chairman, has decided to retire as Non Executive Chairman with
immediate effect. Rodney has served as non-Executive Chairman of
Stobart Group since September 2007. Rodney will remain on the Board
as a Non-Executive Director and leave the Board in March. David
Beever, a non-Executive director, has also decided to step down
from the board with immediate effect to devote more time to his
other business commitments, which are demanding more of his time.
He has served on the board since early 2011.
To help focus efforts on achieving the strong potential in
Stobart's group of businesses and assets the board has decided to
appoint Avril Palmer-Baunack as Executive Chairman with immediate
effect. Avril became a Group executive director and Deputy Chief
Executive on 18 September 2012 following the Group's acquisition of
Autologic. Avril has extensive experience in delivery of strategy
and shareholder value within the public company environment.
It is also intended to appoint a further non-executive director
in due course.
Andrew Tinkler the Chief Executive Officer commented:
"Rodney has been an outstanding Chairman through a period of
significant change and development for the Group. As a highly
experienced public company Chairman he has served with great
steadiness and distinction. He retires from the board with our
gratitude and very best wishes. The board also thanks David Beever
for his contribution to the board's deliberations.
"To meet the challenges and opportunities within our strategy
the board now believes it is appropriate that Stobart is headed by
an Executive Chairman. In the relatively short time that she has
been with the Group, Avril has demonstrated to the board that she
is the right person to carry out this demanding role. We look
forward to supporting her leadership and I personally look forward
to continuing to work with Avril to deliver the inherent value of
our business"
- Ends -
Enquiries:
Stobart Group +44 1925 605 400
Avril Palmer-Baunack, Executive Chairman
i-nfluence +44 207 287 9610
Stuart Dyble/James Andrew
Square1 Consulting +44 207 929 5599
David Bick/Mark Longson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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