Park Group Says Gary Woods Steps Down From Board And Will Retire

28th Mar 2018 13:24

LONDON (Alliance News) - Gift voucher and gift card company Park Group PLC said on Wednesday Gary Woods, managing director of its Park Retail unit, has stepped down from the board with immediate effect.

Woods, who will retire after 38 years of service, will assist with the orderly handover of his operational duties to Julian Coghlan who has been with Park since August 2017. Coghlan was previously executive director of Adare SEC Ltd, a provider of secure communication technology.

"We would like to thank Gary for the important contribution he has made to Park over more than three decades of dedicated service. He will provide valuable advice and support to Julian during this interim period. We are confident that Julian will excel in his new role," commented Park Group Chairman Laura Carstensen.

Park Group shares were down 0.2% at 81.35 pence per share on Wednesday.