10th Oct 2008 07:00
10 October 2008
The Innovation Group plc
Board Change
The Innovation Group plc ("Innovation" or the "Group"), announces that Paul Hemsley, Group Finance Director has, by mutual agreement, stepped down from his position as Group Finance Director on the Board of Directors (the "Board"). The Board thanks Paul for his contribution and confirms that he will stay with the Group on an interim basis for 6 months to complete a number of strategic projects.
The Board is pleased to confirm that Jane Hall, Group Financial Controller, will assume the role of acting Group Finance Director with immediate effect. Jane has been with Innovation for seven years and has successfully performed the role of Group Financial Controller for four years.
Geoff Squire, Chairman of the Board, said:
"Jane is well known and respected both internally and externally and we expect no disruption as we continue to focus on the 2009 financial year. This change completes the recent reorganisation of the Group's executive team."
In relation to Jane Hall's appointment, as an existing Person Discharging Managerial Responsibilities ("PDMR"), there are no details to disclose under paragraph 9.6.13 (1) to (6) of the Listing Rules.
Enquiries:
|
The Innovation Group Hassan Sadiq, Chief Executive Officer Jane Hall, Group Finance Director |
Tel: +44 (0)1489 898300 |
|
Financial Dynamics Ed Bridges Juliet Clarke Matt Dixon |
Tel: +44 (0)20 7831 3113 |
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