CLI Cls Holdings Plc

 

TIDMCLI 
 
RNS Number : 8894V 
CLS Holdings PLC 
10 November 2010 
 

 
 
 
Release date:              10 November 2010 
Embargoed until:         07:00 
 
                                CLS HOLDINGS PLC 
                                  BOARD CHANGES 
 
CLS Holdings plc ("CLS") is pleased to announce that Richard Tice will become 
Chief Executive Officer with effect from 1 January 2011. 
 
At the same time, Henry Klotz will assume the new role of Executive Vice 
Chairman and Thomas Lundqvist will step down as Non-Executive Vice Chairman but 
remain a Non-Executive Director of CLS. 
 
Sten Mortstedt, Executive Chairman of CLS, commented: 
 
"These changes reflect our commitment to succession planning and ensuring that 
CLS is well positioned for the future.  Richard has already proven that he will 
be a very capable Chief Executive Officer and has the right skills to manage the 
next phase of our development. 
 
I would like to thank Henry for managing CLS so successfully through the most 
difficult property market in living memory and I am delighted that he will take 
up a new role with us. We will continue to benefit from his extensive 
international business experience and he will remain as Chairman of our 
associate company, Catena AB. 
 
I would also like to thank Thomas for his Vice Chairmanship and his continuing 
contribution to the Board." 
 
                                     -ends- 
 
For further information, please contact: 
 
CLS Holdings plc +44 (0)20 7582 7766 
www.clsholdings.com 
Sten Mortstedt, Executive Chairman 
Henry Klotz, Chief Executive Officer 
Richard Tice, Deputy Chief Executive Officer 
 
Kinmont Advisory 
   +44 (0)20 7087 9100 
Jonathan Gray 
 
Smithfield 
         +44 (0)20 7360 4900 
Alex Simmons 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 BOALLFVSLRLAIII 
 

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