Directorate Change
10 February 2003 - 7:55PM
UK Regulatory
RNS Number:2578H
Datamonitor PLC
10 February 2003
10 February 2003
DATAMONITOR plc
The Premium Business Information Company
BERNARD CRAGG APPOINTED NON-EXECUTIVE CHAIRMAN
Datamonitor plc is delighted to announce the appointment with effect from 10
February 2003, of Bernard Cragg as non-executive Chairman.
Bernard, 48, was Group Finance Director of Carlton Communications PLC from 1987
to 2002 having joined the Company in 1985 as Group Financial Controller. He was
fully involved in the development of the Company as well as leading its City and
investor relations activities.
Since leaving Carlton he has worked with a number of entrepreneurial companies
and was a non-executive Director of Arcadia Group until its successful sale in
September 2002.He is currently a non-executive Director of Bank of Ireland UK
Financial Services Ltd. and Bristol and West plc.
Bernard has a BSc Mathematics honours degree from Liverpool University and
qualified as a Chartered Accountant with PriceWaterhouse where he worked until
1985.
Commenting on his appointment,Bernard Cragg said:"I am looking forward to being
involved with a company of such potential and to working with a group of people
who are leaders in their field."
Mike Danson,Chief Executive,Datamonitor plc said:"We are extremely pleased to
have attracted someone of Bernard's calibre and I know he will play an important
role in the growth of Datamonitor."
There are no disclosures to be made in respect of paragraph 6.F.2. (b) to (g) of
the Listing Rules of the UK Listing Authority.
ENQUIRIES
Datamonitor Plc Tel: 020 7675 7000
Mike Danson, Chief Executive Officer
Hudson Sandler Tel: 020 7796 4133
Nick Lyon/Noemie de Andia
Note to Editors
Datamonitor is a premium business information company specialising in industry
analysis. We help our clients, the world's leading companies, to address complex
strategic issues. Through our proprietary databases and wealth of expertise, we
provide clients with unbiased expert analysis and in depth forecasts for six
industry sectors: Automotive, Consumer Markets, Energy, Financial Services,
Healthcare and Technology.
Datamonitor's objective is to be the premier global research and analysis
company in each of these six industry sectors. The key elements of our strategy
are:
* To increase sales to our existing customers and to expand our customer
base. Each industry sector has growth potential that will generate economies
of scale as revenues increase against a relatively fixed cost base.
* To extend our international scope. Although our analysts, our research
base and our products are all international, our customer base is
concentrated in Europe and North America. We have plans to extend our
geographic spread through a number of initiatives.
* To exploit our intellectual property. Our primary aim is to reap the
rewards from the significant investment our existing products represent by
adding revenue while keeping our cost base relatively fixed. We will,
however, continue to evaluate new opportunities to expand our business
through targeted new product development.
* To enhance our Internet distribution. Our publishing platform was designed
to provide an ideal platform from which to expand our Internet distribution.
Although the site has only been on line for a short time at this point, the
initial indications are good.
Datamonitor's key product and services include:
1. Premium services products:
* Strategic Planning Programmes (or SPPs) and other subscription
products. Products that combine a variety of market reports, periodic written
analysis and briefings on industry trends and events, forecasting models,
supporting data and access to its analysts. Customers subscribe to these
products as an annual prepaid package.
* Custom solutions. Discrete assignments that Datamonitor undertakes on
request from its customers as extensions of its customer relationships.
2. Other information products:
* Market reports and Dashboard. Standardised reports and a business
information service covering essential data on companies, industries and
countries on a global basis.
Please visit our website for further information at www.datamonitor.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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