7th Jan 2008 07:00
AVEVA Group PLC07 January 2008 7 January 2008 AVEVA Group plc Board changes AVEVA Group plc, one of the world's leading providers of engineering data anddesign IT systems, today announces the appointment of Philip Dayer as a NonExecutive Director and the retirement of Colin Garrett from the Board. Theappointment of Philip Dayer will be effective from 7 January 2008 and ColinGarrett will leave the Board on 31 March 2008. Philip Dayer, 57, has worked as a corporate financier for over 20 years. From2001 - 2004 he was an Executive Director at Hoare Govett where, amongst others,he advised Hanson PLC and Rosneft. Prior to that, Philip was a Director at OldMutual Securities for five years. Since 2004, Philip has worked as a private consultant for both listed andprivate businesses on potential flotations and other corporate activity; mostnotably, advising Rosneft on their listing on the London Stock Exchange, whichraised over $10bn. Philip also holds Non Executive Directorships with ArdenPartners PLC, Baltic Oil Terminals PLC, County Contact Centres PLC and DanaPetroleum plc. Commenting on the retirement of Colin Garrett, Nick Prest, Chairman of AVEVAsaid: "I want to pass on the entire Board's thanks to Colin for his years ofservices to AVEVA. He was a highly regarded member of the Board whose adviceand guidance was always valued and appreciated - particularly during thestrategically transforming acquisition of Tribon and its subsequent integration." Commenting on the appointment of Philip Dayer, Richard Longdon, Chief Executiveof AVEVA said: "We are delighted to be able to announce the appointment ofPhilip to the Board of AVEVA. His pedigree in corporate finance and experiencein offering strategic counsel will be invaluable as we look to continue thedevelopment of AVEVA." This announcement confirms that in respect of the appointment of Mr Dayer, noinformation is required to be disclosed pursuant to Listing Rule 9.6.13 R. MrDayer currently holds 4,000 ordinary shares in AVEVA. Enquiries: Aveva Group plc Tel: 01223 556611Richard Longdon, Chief ExecutivePaul Taylor, Finance Director Hudson Sandler Tel: 020 7796 4133Sandrine Gallien / James White About AVEVA Group plc AVEVA Group plc is one of the world's foremost and fastest-growing lifecycleengineering IT solutions and services providers to the oil and gas, paper andpulp, power, chemical, pharmaceutical and shipbuilding industries. Listed on theLondon Stock Exchange (LSE:AVV), the Group reported pre-tax profits for the yearended March 2007 of GBP 24.7 million on revenues of GBP 94.9 million. The Grouphas grown consistently since 1967 on the strength of pioneering engineeringtechnology that protects the information assets of its customers from thevolatile nature of the IT industry. The Group's history of innovation spans five decades and has produced most oftoday's major engineering IT technologies. Serving over 1600 clients, AVEVA hasa dominant position in many market sectors both on and offshore. In May 2004,the Group acquired Tribon Solutions AB, the market-leading shipbuilding solutioncompany and now serves 85% of the world's top 20 shipbuilders. The Group's clients include leading plant owner operators, shipbuilders andengineering contractors such as Aibel, Aker Kvaerner, ALSTOM Power, Andritz,Areva NP, BAE Systems, BASF, BP, CB&I, Chevron, China National Nuclear, CNOOCOffshore Oil Engineering, Daewoo Shipbuilding & Marine Engineering, ExxonMobil,Hyundai Heavy Industries, Jacobs, Mitsubishi Heavy Industries, Petrofac, ProductServices Network (PSN), SBM, Shell, Sinopec Engineering SNC Lavelin, TKMS - Thyssen Krupp Marine System, Uhde, VT Shipbuilding, WoodGroup (Alliance & Mustang) and Worley Parsons . Headquartered in Cambridge, England, AVEVA Group plc and its operatingsubsidiaries currently employ more than 700 staff worldwide with offices inEngland, Australia, Canada, China, France, Germany, Hong Kong, India, Italy,Japan, Malaysia, Mexico, Norway, Russia, Saudi Arabia, Singapore, Sweden, SouthKorea and the USA. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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