31st Aug 2006 07:00
Change to Board Responsibilities Kevin Beeston to move to Non-Executive Chairman role Serco Group plc (`Serco' or the `Group') today announces that ExecutiveChairman Kevin Beeston will move to Non-Executive Chairman from 1 September2007.With Serco performing strongly and well-positioned for future growth, andhaving built a highly-capable management team at all levels, Kevin has decidedto diversify his business interests.Kevin Beeston joined Serco in 1985, was appointed Finance Director in 1996,Chief Executive in 1999 and Executive Chairman in 2002.He said: "I have been with Serco for over 21 years. The time is right for me todiversify my interests and the one-year transition period will ensure that thehandover of my executive responsibilities is conducted in an orderly manner."I have had the great pleasure of building and leading a remarkable businessover many years. The high-quality and capable management team is led by anexcellent Chief Executive in Chris Hyman. I am certain they will continue todeliver sustained success for the company."I am delighted the Board has asked me to continue providing guidance andsupport as Non-Executive Chairman. I look forward to a new role within thecompany, to continuing to chair the Board and overseeing the Company'sdevelopment on behalf of shareholders."Chief Executive Christopher Hyman said: "Kevin has made an immense contributionto Serco and in particular during his ten years as an Executive Director. Hehas been instrumental to the values, business processes and people that havedelivered Serco's success and has been a great support to me personally in myfirst four years as Chief Executive. I am delighted that he will continue tocontribute to our future as Non-Executive Chairman and I look forward to theGroup's strong progress." Ends For further information please contact Serco Group plc: T +44 (0) 1256 745 900Richard Hollins, Head of Investor RelationsGraham Capper, Head of Media and Public RelationsDominic Cheetham, Director of Corporate CommunicationsSerco is an international service company which combines commercial know-howwith a deep public service ethos.We improve services by managing people, processes, technology and assets moreeffectively. We advise policy makers, design innovative solutions, integratesystems and - most of all - deliver to the public.Serco supports governments, agencies and companies who seek a trusted partnerwith a solid track-record of providing assured service excellence. Our peopleoffer operational, management and consulting expertise in the aerospace,defence, education, health, home affairs, local government, science,technology, transport and the commercial sectors.More information can be found at www.serco.com.ENDSERCO GROUP PLCRelated Shares:
Serco