Directorate Change
08 December 2003 - 7:45PM
UK Regulatory
RNS Number:9690S
4imprint Group PLC
08 December 2003
Press Release 8 December 2003
4imprint announces resignation of CEO Dick Nelson
and appointment of Craig Slater as COO
4imprint Group plc, the leading global distributor of imprinted promotional
products, announces that Dick Nelson has today resigned as CEO and executive
director of the Company to pursue other opportunities. The Board has initiated
a search for a suitable successor and expects to be able to provide an update as
part of the preliminary results announcement in March.
Craig Slater, Group Finance Director of 4imprint, will become Chief Operating
Officer, a role that will involve responsibility for European and US operations,
and will temporarily retain his existing duties. Craig has worked closely with
the rest of the Board on a strategic review of 4imprint's activities following
the board changes in October 2003. Kevin Lyons-Tarr will continue to lead the
US Direct Marketing and Corporate Programmes channels in their further
development.
Craig Slater said: "The Board has made excellent progress in its strategic
review of 4imprint in order to deliver meaningful returns in 2004 in the
European and US businesses, as well as positioning it for an effective future
growth strategy. This strategy is expected to deliver a rapid improvement in
shareholder value and a stable platform for new growth."
Edward Bramson, Non-Executive Chairman, expressed his appreciation for Dick's
development of 4imprint: "We have reached a natural transition point in the
management of the business. I would like to express the Board's thanks for
Dick's significant role in building 4imprint into a world-leader in the
provision of corporate-branded promotional goods."
- Ends -
For further information, please contact:
4imprint Group plc
Craig Slater, Chief Operating Officer Tel: +44 (0) 7770 583768 until 10.30am
001 920 203 5249 after 7pm
Email: craig.slater@4imprint.co.uk
Issued by:
Bankside
Henry Harrison-Topham Tel: +44 (0) 20 7444 4140
Email: henry.ht@bankside.com www.bankside.com
Notes to editors:
4imprint Group plc is a leading international group of wholly owned companies in
the highly fragmented $30 billion promotional products industry. Globally, the
Company is the largest direct marketer of imprinted promotional products and the
fourth largest distributor. The Company's blue-chip roster of clients includes
ABB, Amec, Barclays, BT, BMW, British Airways, Cessna, DaimlerChrysler UK,
Hitachi Data Systems, IBM, JCB, Microsoft, Raytheon, Sikorsky Aircraft
Corporation, Trinity Healthcare and Union Pacific and other leading companies
who use promotional products to build their brand and increase customer loyalty.
The Group headquarters is in Whitefield with other UK facilities in Manchester,
London and Bristol. 4imprint's US offices are located in Oshkosh, Wisconsin and
Quincy, Massachusetts. In addition, 4imprint has operations in France, Germany,
and Hong Kong.
4imprint has worked closely with clients for over 25 years in the use of branded
promotional products to support customers' marketing and branding efforts. The
Company offers the only global solution in the industry in the areas of product
sourcing and services.
The Company has developed proprietary systems that provide the easiest way to
order imprinted promotional products. Its full e-commerce enabled online
solutions provide customers with 24/7 access. 4imprint has 700 highly trained
employees and currently provides services to more than 200,000 customers,
including all of the Fortune 100(R) companies.
4imprint is traded on the London Stock Exchange under the symbol FOUR. The
Company has established an American Depositary Receipts (ADR) programme in the
US for US-based investors.
Websites:
www.4imprint.ie
www.4imprint.co.uk
www.4imprint.com
www.4imprint.com/canada
This information is provided by RNS
The company news service from the London Stock Exchange
END
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