Appointment of Chairman (3995T)

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RNS Number : 3995T

Mouchel Group plc

06 December 2011

Mouchel announces David Shearer as Chairman

London, 6 December 2011

The Board of Mouchel Group plc is pleased to announce the appointment of David Shearer as Chairman. He will take up his appointment on 9 January 2012 at which time Sir Michael Lyons, Interim Chairman, will step back into his role as Senior Independent Director.

David is an experienced non-executive director, board level adviser and turnaround specialist. A former senior partner and Executive Board member of Deloitte LLP, he led the successful restructuring of Crest Nicholson plc in 2008/9 as Chairman and of City Inn Limited in 2010/11 as Chief Strategic Adviser. He was also involved as a non-executive director in the turnaround and refinancing of Renold plc, STV Group plc and Superglass Holdings plc.

He is currently Deputy Chairman of Aberdeen New Dawn Investment Trust plc, Senior Independent Director of Martin Currie ( Holdings) Limited, Renold plc, STV Group plc and Superglass Holdings plc, a non-executive director of Mithras Investment Trust plc, and was, until early 2007, a non-executive director of HBOS plc.

Sir Michael Lyons commented on this appointment:

"I am delighted to welcome David Shearer to Mouchel as Chairman. David's extensive experience of turnaround and capital restructuring situations was a key factor in his appointment and his appointment is good news for everyone who has an interest in the early recovery of Mouchel. I am confident David will work well with the Board and with the new executive team of Grant Rumbles and Rod Harris."

David Shearer commented:

"Mouchel has built a strong position and reputation in the UK public sector consultancy and business services market. I'm delighted to become Chairman of Mouchel and look forward to working with Grant Rumbles and Rod Harris to help bring about its recovery and contribute to its future success."

Separately Debbie Hewitt is to step down as Mouchel non-executive director to concentrate on her other business roles, including the chair of Moss Bros. She will leave at the conclusion of Mouchel's AGM on Jan 20 2012. The board thanks Debbie for her contribution.

In accordance with Paragraph 9.6.15 of the Listing Rules of the UKLA, Mouchel confirms that there are no further matters which require notification in respect of Paragraph 9.6.13 (1-6) in relation to David Shearer.

Notes to editors:

For further information please contact Brunswick Group

Mike Smith / Aideen Lee / Azhar Khan

020 7404 5959

This information is provided by RNS

The company news service from the London Stock Exchange

END

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