Findel PLC Findel Appoints New Chairman (0210S)
16 December 2016 - 6:00PM
UK Regulatory
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RNS Number : 0210S
Findel PLC
16 December 2016
16 December 2016
Findel PLC ("Findel")
Directorate Change
FINDEL APPOINTS NEW CHAIRMAN
Findel PLC, the online value retail and Education business,
today announces the appointment of Ian Burke as Executive Chairman.
He succeeds David Sugden, who announced his intention to stand down
last February following 7 years as Chairman of the Group. Ian will
take up his position on 12 January 2017. David will step down from
the board on that date and leave the company at the end of January
following a short handover period.
Ian has served in a number of high profile consumer-facing
roles. He is currently Chairman of the FTSE 250 gaming company The
Rank Group, having previously overseen the growth of that business
as Chief Executive. Previously, Ian has served as Chief Executive
of Thistle Hotels and has also held the position of Managing
Director at both Holiday Inn Worldwide and Gala Clubs.
Eric Tracey, Senior Independent Director at Findel, said:
"Following a comprehensive search process we are pleased to
welcome Ian to Findel. As the Group continues to target further
growth, the Board is confident that Ian's experience will prove of
significant value, especially given his recent role in overseeing
the multichannel transformation of Rank.
"On behalf of the Board I would also like to take this
opportunity to thank David Sugden for his substantial contribution
to the Group over 7 years in which the group has been refinanced
and focused on two core businesses which now have potential for
growth. We wish him every success for the future."
Ian Burke commented:
"I am delighted to be joining Findel at what is a hugely
exciting time for the Group. By maintaining a steadfast focus on
the customer, I am confident that there are opportunities for
growth in the years ahead."
Enquiries
Findel PLC 0161 303 3465
David Sugden, Executive Chairman
Tulchan Communications 020 7353 4200
Stephen Malthouse
Will Smith
Notes to Editors
The Findel Group contains market leading businesses in the UK
home shopping and education supplies markets. It is primarily a
retailer and distributor, handling and supplying specialist
products manufactured by third parties.
The group's continuing activities are focused in two main
operating segments, together with a small overseas sourcing
operation:
-- Express Gifts -a leading on line value retailer with one of
the largest direct mail order brands in the UK; and
-- Findel Education - the largest listed independent supplier of
resources and equipment (excluding information technology and
publishing) to schools in the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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