Appointment of Chairman
November 01 2006 - 2:01AM
UK Regulatory
RNS Number:3059L
GruppeM Investments PLC
01 November 2006
Embargoed until 7.00 a.m.
1 November 2006
GruppeM Investments PLC
(LSE: GRP, 'GruppeM' or the 'Company')
Appointment of Chairman
The Directors of GruppeM, the AIM-listed luxury motor retailing group in China,
are pleased to announce the appointment of Don McCrickard as Chairman of the
Company with immediate effect.
Donald Cecil McCrickard FCIB, aged 69, brings a wealth of commercial and
financial expertise to the Company. Following an early career in financial/
general management and consultancy, he was appointed to head American Express in
the UK in 1975, subsequently assuming responsibility for Amex's businesses in
Europe/Middle East/Africa and Asia/Pacific/Australia. He was a Director of
American Express International Inc from 1978 to 1983.
In 1983 Mr McCrickard was appointed to the TSB Group (now LloydsTSB) as Chief
Executive of UDT Holdings and then as Chief Executive of TSB Bank before moving
up to become Group Chief Executive of the TSB Group and Chairman of Hill Samuel,
its merchant banking subsidiary. He was a Member of the Bank of England's
Deposit Protection Board and a Member of the Executive Committee of the British
Bankers' Association.
Following early retirement in 1992, he has devoted much of his time and interest
to the Asia Pacific Region, particularly Hong Kong and China. He has written
and lectured extensively on the subject and has advised several governments and
corporations. Mr McCrickard is also currently the Senior Non-Executive Director
at Brit Insurance Holdings Plc and Vice Chairman of National Counties Building
Society.
Don McCrickard is also a director, and has been a director over the previous
five years, of the following companies:
Current directorships - other Previous directorships
European Convergence Development Company Verdandi Limited
European Convergence Property Company plc Digitalbrain Limited
Conister Trust PLC Demica plc
Equity Partnership Investment Co. PLC Crimestoppers Limited
London Town plc
Hemisphere Properties plc
No further information falls to be disclosed under the AIM Rules.
Kenny Chen, GruppeM's Chief Executive Officer, commented: "We are delighted that
someone of the calibre of Don McCrickard has agreed to join our Board as
Chairman. Don's extensive business knowledge, and particularly his experience
of Hong Kong and China, will be of great benefit during the next phase of our
development".
END
For more information please contact:
GruppeM Investments PLC
Kenny Chen/Paul McIlwaine
Tel: +44 (0) 207 233 2952
Shore Capital and Corporate Limited
Alex Borrelli
Tel: +44 (0) 207 408 4090
Further information on GruppeM Investments PLC can be found on the Company's
website: www.gruppemplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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