Director Changes
February 23 2010 - 2:00AM
UK Regulatory
TIDMLMR
RNS Number : 5132H
Luminar Group Holdings PLC
23 February 2010
Director Changes
Luminar, the UK's leading late night entertainment group, today announces the
retirement of its Chief Executive, Stephen Thomas. Stephen will step down from
the Board at the end of February but will continue with the company until the
end of July 2010, to ensure a smooth transition to his successor.
Stephen founded the Company and most recently has presided over a re-focusing of
the business into a core of branded venues, offering live music and a high
quality dance-led, late night entertainment experience. The Board would like to
record its gratitude to Stephen for his dedicated service to the company.
The Board is pleased to announce Simon Douglas as his successor. Simon joins
Luminar with a strong track record in the leisure and entertainment sector,
including various management roles at HMV, Virgin Retail and latterly as CEO in
leading the MBO of Zavvi, where he extracted considerable shareholder value from
the businesses. Simon has significant expertise in managing multi-site, consumer
focused, branded entertainment businesses. He will join on the 8 March.
Alan Jackson, Luminar's Chairman commented:
"Stephen has pioneered many of the modern operating trends now prevalent in the
industry. He leaves us a great asset base and a strong, experienced and loyal
team of people. We would like to thank him for his outstanding dedication to the
company and for committing to a well-planned handover. We wish him well for the
future.
"I am delighted to welcome Simon to Luminar. He has grown consumer businesses in
tough markets and I have no doubt that under his leadership, as trading
conditions improve, Luminar is well positioned to leverage its strengths into
shareholder value."
23rd February 2010
Enquiries:
+---------------------------+-------------------------------+
| Luminar Group Holdings | Tel: +44 (0)1908 544120 |
| plc | |
+---------------------------+-------------------------------+
| Alan Jackson | |
+---------------------------+-------------------------------+
| College Hill | Tel: +44 (0)20 7457 2020 |
+---------------------------+-------------------------------+
| Matthew Smallwood | |
+---------------------------+-------------------------------+
| | |
+---------------------------+-------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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