17th Mar 2016 08:39
LONDON (Alliance News) - Book publisher the Quarto Group Inc on Thursday said Chairman Tim Chadwick has stepped down, to be replaced by Peter Read.
Read is currently a non-executive director at media investment firms Armstrong Ventures PLC and Concha PLC, and was formerly chairman of KPMG's Telecoms, Media and Technology practice and a partner for over 20 years.
"I have decided not to put myself forward for re-election at the annual meeting, but rather hand over with confidence to Peter Read, upon his election at the annual meeting, to lead the board as chairman through Quarto's next phase of growth," Chadwick said in a statement.
Shares in Quarto were down 2.8% at 260.00 pence on Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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