Quarto Group Inc Appointment of Non-Executive Director & CFO (1566X)
26 April 2019 - 1:59AM
UK Regulatory
TIDMQRT
RNS Number : 1566X
Quarto Group Inc
25 April 2019
25 April 2019
The Quarto Group, Inc.
(the "Company")
Appointment of Non-Executive Director & Change of CFO
The Quarto Group (LSE: QRT), the world's leading illustrated
book publisher and distribution group, today announces that from
1(st) May 2019, Michael Mousley is appointed as Non-Executive
director of the Company.
Michael was appointed interim Chief Financial Officer and
Executive Director on 5(th) June 2018 to assist with the Company's
cost-out and refinancing programmes. Previously, Michael was the
Company's Chief Financial Officer between 1987 and 2015.
With this change, the Board will consist of two Executive
Directors and four Non-Executive Directors.
A new Chief Financial Officer has been appointed and will join
Quarto in July 2019. Between now and July, Steven Grace, Group
Finance Director, will lead the Company's finance function.
No other details are required to be disclosed under the Listing
Rules LR 9.6.13.
The Company confirms that as Non-Executive Director, Michael is
not considered to be independent.
C.K. Lau, Chief Executive Officer, said "I want to thank Michael
for his contributions over the past ten months. Michael came out of
retirement to help Quarto with its refinancing and restructuring
plans that helped to stabilise the Group. I now look forward to
working with Michael in his new role as Non-Executive
Director."
###
The Legal Identifier of the Company is 549300BJ2WPX3QUATW58.
For further information, please contact:
The Quarto Group, Inc.
Dorothée de Montgolfier, Group Director
of Communications +44 20 7700 9002
About The Quarto Group
The Quarto Group (LSE: QRT) creates a wide variety of books and
intellectual property products, with a mission to inspire life's
experiences. Produced in many formats for adults, children and the
whole family, our products are visually appealing, information rich
and stimulating.
The Group encompasses a diverse portfolio of imprints and
businesses that are creatively independent and expert in developing
long-lasting content across specific niches of interest.
Quarto sells and distributes its products globally in over 50
countries and 40 languages, through a variety of sales channels,
partnerships and routes to market.
Quarto employs c.330 talented people in the US and the UK. The
group was founded in London in 1976. It is domiciled in the US and
listed on the London Stock Exchange.
For more information, visit quarto.com or follow us on Twitter
at @TheQuartoGroup.
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END
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