7th Jun 2007 08:02
McKay Securities PLC07 June 2007 McKAY SECURITIES PLC PRESS RELEASE Change of Chairman and other Board Roles McKay Securities PLC announces that Mr. E.S.G Lloyd, non-executive Chairman,will be stepping down as Chairman of the Company and from the Board at theconclusion of the Group's Annual General Meeting on 25th July 2007. At thattime, Mr. D.O Thomas who joined the Board as a non-executive director inSeptember 2005 will take over the position. In his final statement to shareholders, Eric Lloyd said: "Having spent the best part of 35 years as Managing Director and latterly asChairman, and having overseen the period of change and renewal of the executiveand non-executive management teams including the retirement of my long standingcolleagues, it is now time for me to stand down and I shall be retiring from theBoard at the conclusion of this year's Annual General Meeting. I leave the Groupin excellent health with an exciting future ahead of it, and I will follow itsfortunes with great interest as a shareholder. I am delighted to say that following the Board's invitation, David Thomas willtake over from me as Chairman. David, who is a chartered accountant withsubstantial business experience, is well qualified to lead the Board and toencourage Simon Perkins and his highly competent team to even greater heightsand in this I have great confidence". Also with effect from 25th July 2007 the role of other existing non-executivedirectors will change. Mr. A.E.G Gulliford will become senior non-executivedirector and Chairman of the Remuneration Committee, Viscount Lifford willbecome Chairman of the Audit Committee and Mr. N. Aslin will become Chairman ofthe Nomination Committee. Editorial Information David Thomas (aged 62) was a founder Director of Jarvis Hotels Ltd in 1990,where, as Deputy Chief Executive, he was instrumental in the growth of theCompany through to a successful listing in 1996, and after the return of capitalto shareholders in 2002, taking the Company back into private hands in 2004.Prior to Jarvis, he was at Ladbroke Group for 13 years including the position ofJoint Managing Director of Ladbroke Hotels. He is non-executive Vice Chairman ofthe Chesham Building Society, Chairman of Exterity Limited and until March 2006was a non-executive director of W.H. Brakspear and Sons Plc. McKay Securities PLC is a commercial property investment company with RealEstate Investment Trust (REIT) status specialising in the development andrefurbishment of quality buildings within established and emerging growth areasof central London and the South East of England. The Group's portfolio is valuedin excess of £350 million. Contact McKay Securities PLC - 0118 950 2333Simon Perkins, Managing Director 7th June 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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