16th Oct 2006 12:04
Jelf Group PLC16 October 2006 JELF GROUP plc ("Jelf" or "the Group")Board Changes The Board of Jelf Group Plc, an established corporate intermediary based in theSouth of England and Wales offering a range of corporate services principally inthe areas of commercial insurance, healthcare and financial services, is pleasedto announce the appointment of Alex Rowe to its Board as a non-executivedirector. Alex will take a position on the Group's Audit, Remuneration andSolvency Committees. In addition, Alex will take responsibility for representing the Group's clientsat Board level, thus supporting the Group's client centric approach in line withthe FSA 'Treating Customers Fairly' initiative The appointment, subject to FSA approval, will be effective from 16 October2006. Alex Rowe (46) has more than 20 years experience in commerce, with the last 15years acting in the capacity of Joint Managing Director of CLS Group, a majorbusiness in the South West region, before its sale to a multi-nationalcompetitor in 2006. Commenting on his appointment, Chris Jelf, Jelf's Chairman said: "We are delighted that Alex is joining the Jelf Group Board at this importantstage of the Group's development. He brings with him a wealth of experience ofoperating in a sector that is rapidly consolidating and is an outstanding figurein the business community in the Group's heartland - the South of England. Hewill be an important member of the team driving the Group's growth bothorganically and through acquisition." Although Mr Rowe does not currently hold any other directorships andpartnerships, he has held a number of these positions over the past five years,including: Camborne - Redruth Laundry Co LimitedFalmouth & District Model Laundry Co LimitedLizard and District Hygienic Steam Laundry LimitedCombined Linen Service LimitedALS (UK) LimitedBrilliant Laundry Group Limited There is no further disclosure required pursuant to schedule 2(g) of the AIMRules. Following today's announcement, Jelf Group Plc has five executive directors andtwo non-executive directors. Jelf Group Plc shares listed on the AlternativeInvestment Market on 21 October 2004. -Ends- For further information and publication quality photographs: Alex AlwayJelf Group plc Tel: 01454 272799 Alastair CadeDaniel Stewart Tel: 020 7776 6550 Sam SmithJM Finn & Co Tel: 020 7626 9688 Notes to Editors • Jelf Group was founded by Chris Jelf in 1989. Today, the Jelf Groupoperates from a number of premises in the South of England and Wales and offersan extensive range of corporate and private client services; • The Group advises over 12,000 corporate clients, principally inrespect of healthcare, commercial insurance, employee benefits and wealthmanagement services. These clients cover the spectrum from significant publiccompanies to small owner managed businesses. Core Jelf Group clients are mediumsized owner-managed businesses, typically employing between one to 50 staff,with a turnover of up to £10 million; • The Group has developed a corporate support infrastructure that hasenabled it to make a number of acquisitions over the last five years. Theseacquisitions span all core areas of the Group's business and have been made toeither supplement existing operations or to acquire a corporate client base thatcan be utilised by the enlarged Group. The significant acquisitions made overthe last 12 months are as follows: o November 2005 - Healthwise Ltd - acquisition of independent corporatehealthcare adviser o March 2006 - Goss Group Ltd - acquisition of a substantial commercialinsurance and financial services intermediary based in the south east of England o May 2006 - Brian D Thomas Ltd - acquisition of South Wales commercialinsurance intermediary o May 2006 - Cherwell Insurance Management - acquisition of Oxfordshire basedcommercial insurance intermediary o June 2006 - Auto Business Solutions Ltd - acquisition of a specialist vehicleand business finance intermediary based in Wiltshire o October 2006 - Hern Waters & Co - acquisition of a general insuranceintermediary based in Ludlow • Further information is available on Jelf at the Company's website:www.jelfgroup.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
JLF.L