Directorate change

Donnerstag, 22.10.2009 08:05 von Hugin - Aufrufe: 98

22nd October 2009
 
Centaur Media plc
("Centaur" or "the Group")
 
Directorate change
 
The Chairman of Centaur Media plc, Graham Sherren, has today
announced his intention to step down as Chairman at the Company's
Annual General Meeting on 10th December 2009. He intends to remain
on the Board as a non-executive director for a further 12 months and
will put himself forward for election in that capacity at the AGM.
The Board has decided to appoint senior non-executive director,
Patrick Taylor, as Chairman and his election will be proposed at the
AGM.
 
Commenting on his decision, Graham Sherren said: "When Centaur
listed on the Stock Exchange in 2004, a key objective for me, as
Chairman and Chief Executive, was to plan an orderly management
succession. I was pleased to hand over to Geoff Wilmot as Chief
Executive Officer in 2006 and I believe that he and the management
team at Centaur have done an excellent job since that time. In
December, I reach the age of 72 and in the past few weeks, I have
been discussing with the Board my decision that it is now the right
time for me also to step down as Chairman.
 
The Company is emerging from the worst recession in living memory
even stronger than it was before, thanks to the efforts of the
management and staff. We have an exceptional portfolio of
market-leading products, a robust balance sheet and an exciting
pipeline of new products. As our markets recover, we are well
positioned to deliver strong growth for our shareholders. I am
delighted that Patrick Taylor has agreed to take on the role of
Chairman. I wish him every success and look forward to continuing to
work with him and the Board as a non-executive director, until I
finally stand down from the Board at the 2010 Annual General Meeting"
 
Patrick Taylor, Chairman elect, said: "I am honoured to be taking on
this role at such an exciting stage in the Company's history. Under
Graham's stewardship, Centaur has developed an exceptional culture of
entrepreneurship and built an outstanding portfolio of market-leading
brands. I look forward to working with the Company to build on that
record, to ensure that it exploits its strengths to the full and to
maximise opportunities for growth in the future."
 
For further information please contact:
 
Kreab Gavin Anderson 44 (0) 207 074 1800
Robert Speed
Anthony Hughes
 
Note to editors:
Patrick Taylor was formerly Chief Executive Officer of GWR Group plc,
the UK's largest commercial radio group, ranked by licences and
audiences. Before joining GWR, Patrick was Group Finance Director of
Capital Radio plc, having previously been a partner with the
accountancy practice, Coopers & Lybrand, specializing in corporate
finance. Patrick is also a non-executive director of Future plc.
 
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This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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