30th May 2006 16:33
Blueheath Holdings PLC30 May 2006 For Immediate Release 30 May 2006 Blueheath Holdings plc ("Blueheath" or the "Company") Appointment of Director Blueheath is today delighted to announce the appointment of Richard Rose as anew Director. Richard Rose will be joining in the role of deputy chairman withimmediate effect with the intention of taking on the role of Executive Chairmanfrom 1 September 2006. Richard Rose, age 50, was formerly Chief Executive of Whittard of Chelsea plc, amulti site retailer of tea and coffee. He joined in 2001 following a £3m lossand led a significant recovery in profits. The business was sold to Baugur in2006. Previously he was a Director of Hagemeyer (UK) Ltd, a distributor ofprofessional products and services, with a UK turnover approaching £1 billionthrough 360 outlets. Prior to that he had been CEO of WF Electrical plc, a fullylisted company, where he created a substantial improvement in shareholder value.Hagemeyer purchased WF Electrical plc in 2000. He was also non-executiveChairman of AC Electrical where he led a very successful growth strategyresulting in a very substantial increase in shareholder value. The business wassold to Wolseley in 2006. He is non-executive Chairman of Kiotech Internationalplc, and of Nanoscience Inc. Commenting on the announcement, Colin Smith, Chairman said: "We are delighted to welcome Richard to the Board. His skills and experiencewill be a huge asset in helping to shape and drive forward the Group's strategyand in managing our investor relations." Save as set out in this announcement there is no other information required tobe disclosed under Schedule 2 paragraph (g) of the AIM Rules. For further details:Buchanan Communications Tel: 020 7466 5000Mark Edwards / James Strong Evolution Securities Tel: 020 7071 4300Michael Brennan / Bobbie Hilliam Notes to editors: Blueheath is a wholesaler of groceries to convenience stores in the £16.6billion UK grocery wholesale sector. The Group sells and arranges thedistribution of approximately 3,500, primarily ambient, product lines to over5,000 independent and multiple retail and leisure outlets within the UK.Blueheath's innovative technology-driven business model is founded on the basicprinciples of stripping out unnecessary supply chain costs and overheads andpassing on financial and operational benefits to customers. This enablesBlueheath to offer customers a wholesale delivery service of groceries at closeto Cash & Carry prices. Blueheath achieves cost savings in three ways: 1. Operating on low stock levels through the use of sophisticated, proprietarystock prediction technology. 2. Using spare distribution capacity through its partnership with BritishBakeries Ltd and other operators. 3. The extensive use of process automation to minimise administration costs. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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