30th Apr 2007 14:34
Gleeson(M J)Group PLC30 April 2007 Monday 30 April 2007 MJ GLEESON GROUP PLC Board Changes Gleeson (GLE.L), which is transforming itself into a specialist in housingregeneration, announces the appointment of a Group Finance Director and theresignation of an Interim Executive Director. Appointment of Group Finance Director Gleeson is pleased to announce the appointment as Group Finance Director ofChris Holt, who since August 2006 has been the Interim Group Finance Director.The appointment follows a competitive selection process involving externalconsultants and is effective 1 May 2007. Nicholas Christopher Holt, BSc, MBA, CIMA, aged 55, has obtained widespreadfinancial experience over 30 years with internationally renowned businesses,namely Foster Wheeler (1987-2005), Bechtel (1975-87) and British Oxygen(1972-75). At Foster Wheeler, the global engineering and construction contractor and powerequipment supplier, Chris was most recently Chief Financial Officer of itsEuropean Power business based in Helsinki, Finland, with c €400m turnover and1,700 employees based in Finland, Germany, Poland, Sweden, Spain and Thailand.Previously, Chris was Group Finance Director and Deputy Chairman of FosterWheeler UK Ltd, a £ 500m turnover business, with c3,000 employees. His 12 yearsat Bechtel, one of the world's premier engineering, construction and projectmanagement companies, had culminated in two years as Finance Director, Oil &Gas, for the EMEA region. Dermot Gleeson, Chairman, stated "Chris joined us in May 2006 to help out withthe complex matter of the disposal of Gleeson's Engineering Division, which wassuccessfully achieved in October 2006. He was soon providing invaluable supportto our Group Chief Executive, Paul Wallwork, in the implementation of Gleeson'swider programme of strategic change. Chris' extensive experience with topcompanies and his track record with Gleeson to date, dealing with both areas offuture focus and legacy businesses, qualify him admirably to assume a permanentrole." Chris Holt has held no directorship in any other publicly quoted company at anytime in the previous five years and there are no details to be disclosed underparagraph 9.6.13 R of the Listing Rules. Resignation of an Interim Executive Director Gleeson announces the resignation as Interim Executive Director of Edwin Lawrie,ACII, FIRM, ACIS, who has held that position since August 2006, during whichtime Paul Wallwork has been the Company's only non-Interim Executive Director.Mr Lawrie continues as Company Secretary, with the Board's thanks for hisstanding in as an Executive Director. Photographs: Photographs of Chris Holt are available from Charles Ponsonby of BanksideConsultants at [email protected] Enquiries: M J Gleeson Group plc 01252-360 300Paul Wallwork (GCEO)Chris Holt (GFD) Bankside ConsultantsCharles Ponsonby 020-7367 8851 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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