MMC Management Consulting Group Plc

RNS Number:1816N
Management Consulting Group PLC
15 November 2001


For Immediate Release                                          15 November 2001



                       MANAGEMENT CONSULTING GROUP PLC


     APPOINTMENT OF NEW FINANCE DIRECTOR AND TRADING UPDATE ANNOUNCEMENT



Appointment of Finance Director


As a result of the growth of the Group, the Board of Management Consulting
Group has  divided the roles of Chief Operating Officer and Finance Director,
both of which are currently held by Bob Cara.  Accordingly, the Board is
delighted to announce the appointment of Stephen Purse, FCA, as Finance
Director with immediate effect, which will allow Mr Cara to concentrate solely
on the duties of Chief Operating Officer. Stephen graduated from University
College London in applied physics and qualified as a chartered accountant with
Peat, Marwick, Mitchell & Co (now KPMG) in 1977.  He was appointed a partner
in 1987 and, after eleven years in that role, left KPMG to become finance
director of Westminster Health Care Holdings, a company listed on the London
Stock Exchange.   He left Westminster Health Care in March 2000, following its
sale to a private investment group.  Recently he has been providing corporate
finance advice to Management Consulting Group, working closely with the
management team.



Trading update


The Group continues to trade in line with market expectations.  The Board
remains optimistic about future prospects in the light of the existing order
book and potential sales opportunities.  In particular, demand for the Group's
services in the United States remains strong and demand in Europe has
increased since the summer.  Furthermore and as anticipated, the Group
returned to monthly profitability in October 2001.

Commenting on the appointment, Dr Rolf Stomberg, Chairman said: "Each of the
Directors is delighted that our growth requires the appointment of  both a
Finance Director and a Chief Operating Officer.  Stephen's experience as an
adviser to listed companies and as a former finance director of a listed
company will, I am sure, serve us well.  The appointment will additionally
enable Bob Cara to concentrate on  further improving the Group's operations."

Commenting on current trading, Kevin Parry, Chief Executive, said: "At this
point in the economic cycle it is essential that companies focus on
significant productivity gains through operational cost control.  No
consulting company has stronger skill sets in this area than Proudfoot
Consulting and it is for that reason that we are meeting our growth targets
and continuing to trade in line with market expectations."


Enquiries


Rolf Stomberg, Chairman, +49 172 413 3799
Kevin Parry, Chief Executive, 020 7832 3700
Richard Darby / Bobbie Swanson, Buchanan Communications, 020 7466 5000



Background information


Management Consulting Group's strategy is to provide a range of consulting
services to its clients.  Currently, through Proudfoot Consulting, it
specialises in increasing productivity by delivering higher output within a
client's operations without increasing  overhead and in reducing costs in line
with sales demand.  This is typically accomplished without the need for
capital expenditure.  The financial return to clients is achieved in a short
time frame, which is generally less than nine months.

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