IG Design Group PLC Directorate Change (5158K)
10 July 2017 - 4:00PM
UK Regulatory
TIDMIGR
RNS Number : 5158K
IG Design Group PLC
10 July 2017
10 July 2017
IG Design Group PLC
(the "Company", the "Group" or "Design Group")
Directorate Change
IG Design Group plc, one of the world's leading designers,
innovators and manufacturers of celebration, gifting, stationery
and creative play products, announces that Anthony Lawrinson is,
for family reasons, retiring from his role as Chief Financial
Officer after six years with the Group.
The Board has commenced the process to identify appropriate
candidates for the role and will update the market in due course.
Anthony will continue in his role for his full notice period of six
months and has agreed to provide additional transitional support to
allow adequate time for a successor to be identified and appointed,
to ensure an orderly handover.
John Charlton, Chairman, commented:
"On behalf of the Board, I should like to thank Anthony for the
diligence, commitment and dedication he has shown over the past six
years. He has made a significant contribution to the Group,
supporting its turnaround, global diversification and subsequent
stellar growth, executing its M&A strategy and creating a
robust finance function which will serve the Group well over the
coming years. We wish him well for the future."
Anthony Lawrinson commented:
"I have thoroughly enjoyed my time with Design Group and I am
proud of everything that we have achieved together, among them the
tremendous value we have created for shareholders in recent years
and the fresh new image created last year in our rebranding
exercise. However, for family reasons the time is right for me to
take a break and retire from full time employment.
"I am especially proud that we have just recently been able to
announce a year of excellent growth in sales and profitability, a
closing balance sheet entirely free of debt and huge momentum going
forward. It is good to know I am leaving the Group with a first
class team and in such a strong position from which it can continue
to build well into the future."
- Ends -
For further information, please contact:
IG Design Group plc Tel: 0152 588 7310
Paul Fineman, Chief Executive
Anthony Lawrinson, Chief Financial Officer
Cenkos Securities plc Tel: 0207 397 8900
Bobbie Hilliam
Redleaf Communications Tel: 0207 382 4730
Rebecca Sanders-Hewett designgroup@redleafpr.com
Susie Hudson
Elise Palmer
This information is provided by RNS
The company news service from the London Stock Exchange
END
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