Board Change
March 20 2008 - 10:53AM
UK Regulatory
RNS Number:6055Q
API Group PLC
20 March 2008
20 March 2008
API Group plc
Board Change
API Group plc announced today that Andrew Robertson is to resign as Group
Finance Director with immediate effect and will be leaving the Company at the
end of April 2008. The Company has initiated the search for a replacement and
agreed the appointment of an interim head of finance to cover the intervening
period.
Richard Wright, Non-Executive Chairman, said:
"Andrew played a key role in the Open Offer which successfully raised �8m of new
funds from shareholders in January of this year. The Group is now focusing on
improving its trading results and on cost reduction, including concentrating its
central management team at its office in Poynton. Andrew has therefore decided
to pursue opportunities elsewhere. The Board would like to thank him for his
contribution and to wish him well for the future.
Meanwhile, the Company is on track with its cost reduction program and the early
stages of its plan to turn around the performance of its European businesses."
Ends
Enquiries
Andrew Turner, Group Chief Executive Officer, API Group plc 01625 858700
Tim Spratt / Nicola Biles, Financial Dynamics 020 7831 3113
Nick Westlake, Numis Securities Limited 020 7260 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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