Board Change & Appointment
01 October 2007 - 5:03PM
UK Regulatory
RNS Number:8336E
Citel PLC
01 October 2007
Citel plc
Announces Board Change and Appointment of Interim Chief Executive Officer
The Board of Citel plc ("Citel or the "Company") announces the mutual separation
of Mike Robinson as Chief Executive Officer of the Company with immediate
effect. Jose S. David, 51, currently Chief Financial Officer will be fulfilling
the role of Interim Chief Executive Officer. He will be closely supported
operationally and strategically by Clyde Heintzelman as Chairman.
Clyde Heintzelman, Chairman of Citel, commented, "On behalf of the Board, I
would like to thank Mike for his contribution to Citel over the past seven years
and for his willingness to assist in the transition. We wish him well in his
future endeavors. Going forward, our focus at Citel will be to concentrate on
accelerating Portico TVA sales. Recent sales volumes through direct sales
channels have been very encouraging, and substantial progress has been made in
securing new supply contracts with end users and Carriers. Emphasis is now on
accelerating this progress to take the Company forward."
Following the completion of the first six months of the financial year to 30
September 2007, the company anticipates issuing a trading update during the week
beginning 15 October 2007.
Enquiries:
Citel
Jose David, CEO 001 206 965 8925
Panmure Gordon
Dominic Morley +44 (0)20 7459 3600
Giles Stewart
Andrew Collins
Cardew Group
Tim Robertson +44 (0)20 7930 0777
Shan Shan Willenbrock
David Roach
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAQFLBBDBBEFBE
Ls 2x Citi (LSE:CITE)
Historical Stock Chart
From Nov 2024 to Dec 2024
Ls 2x Citi (LSE:CITE)
Historical Stock Chart
From Dec 2023 to Dec 2024