Board Changes
October 05 2007 - 12:16PM
UK Regulatory
RNS Number:2673F
Lonrho PLC
05 October 2007
5th October 2007
Lonrho Plc
("Lonrho" or the "Company")
Board Changes
Lonrho (AIM: LONR), the conglomerate with a structured portfolio of African
investments, today announces that Geoffrey White, who joined the Company on 1st
June 2007 as Chief Operating Officer, has today been appointed as Chief
Executive Officer and a director of the Company.
Mr David Lenigas remains Executive Chairman and continues to lead the Company.
He will work closely with Geoffrey White whose primary role will be to manage
the day to day operations of the Company.
Geoffrey White has over 25 year's experience working in senior management roles
with Thomas Tilling Plc, BTR Plc and Dee Corporation Plc. During the past four
years he has worked for the private office of His Highness Sheikh Khalifa Al
Thani in London. Geoffrey has previously worked with Hilton International, Ford
Motors (PAG), Praton International GmbH, FFS Refiners (pty) Ltd, Sengamines
Sarl, Oryx Natural Resources, African Mining Investments Limited and Pegasus
Energy Limited.
Additionally Mr Martin Horgan has today resigned as a Non-Executive Director of
Lonrho to concentrate on his other business activities.
David Lenigas, Executive Chairman said:
"I am extremely pleased that Geoffrey has taken on the role of CEO; this was a
move that has been planned from the time he joined Lonrho. Geoffrey's African
expertise has been an invaluable asset to Lonrho as we grow the business and
seek to maximise shareholder value.
"I would also like to thank Martin for his significant contribution to the
Company and we wish him well in the future."
ENQUIRIES
Lonrho Plc +44 (0) 20 7016 5105
David Lenigas, Chief Executive +44 (0)7881 825 378
Emma Priestley, Executive Director +44 (0)7867 785 177
Pelham PR
Charles Vivian +44 (0) 20 7743 6672
+44 (0) 7977 297903
Alisdair Haythornthwaite +44 (0) 20 7743 6676
+44 (0) 7714 721379
Collins Stewart Europe
Hugh Field +44 (0) 20 7523 8350
Jonny Sloan
The current directorships of Geoffrey Trevor White (aged 46) are: CarbonPaid
Limited, Grenville Investments Ltd, Lonrho Air (B.V.I.) Ltd, Nare Diamonds Ltd
and SA Independent Liner Services Ltd.
The previous directorships of Geoffrey Trevor White are: African Business Group,
AMMCO Pty SA, Dutyfirst Trading Limited, Gulf Environment, Hilton Salalah SAOG,
International Services Limited, MEAD, Oryx Natural Resources, Pegasus Energy
Limited and Sengamines Sarl.
There are no further disclosures to be made regarding Geoffrey White in
accordance with the AIM Rules.
About LONRHO:
Lonrho Plc is an expanding conglomerate that is rapidly growing a successful
business throughout Africa. The Company is listed on the London AIM stock
exchange (LONR). Lonrho is strategically focused on the development of business
opportunities in infrastructure, transportation, support services and natural
resources. The Company has over 20,000 shareholders and substantial
institutional backing to support its mandate to build a profitable business that
plays a fundamental role in the development of the African economy.
Since 2006, the Company has invested in or acquired control of:
* Hotel Cardoso - www.hotelcardoso.co.mz (retained)
* Nare Diamonds - www.narediamonds.com
* Luba Freeport - www.lubafreeport.com
* Fly540 - www.fly540.com
* Norse Air - www.norseair.co.za
* Swissta Holdings - www.swissta.com
* SA Independent Liner Services
* Bytes & Pieces
This information is provided by RNS
The company news service from the London Stock Exchange
END
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