11th Jan 2006 13:02
Gleeson(M J)Group PLC11 January 2006 M J GLEESON GROUP plc Confirmation of Board Changes M J Gleeson Group plc, the homes, property and construction services group,confirms that, as announced on 25th November 2005, Colin McLellan (62) has, witheffect from the end of the AGM earlier today, retired from the Board. PaulWallwork ACA (43) has replaced him as Finance Director. Paul trained as an accountant with Arthur Young. Most recently, he was ManagingDirector, Inchcape Automotive Limited, having previously been Finance Directorof Inchcape (UK) and Financial Controller of Inchcape plc. Paul has not previously been a Director of a quoted company and does not own anyshares in the Company; however, he has been granted options over 100,000 shares.These options were granted on 3rd January 2006, the day on which he joined theCompany, pursuant a commitment made on 23rd November 2006. The option price is317.75p and the options are exercisable from 3rd January 2009 to 3rd January2016. There are no disclosures required under section 9.6.13 of the Listing Rules. Gleeson's Chairman, Dermot Gleeson, said: "I would like welcome Paul aboard andto thank Colin McLellan who is retiring today after 28 years' service with theGroup, including 15 years as our Finance Director, for his tremendous andexceptionally wide-ranging contribution. His colleagues owe him a huge debt ofgratitude and we wish him the very best for the future." Enquiries: M J Gleeson Group plc Tel: 020-8644 4321Dermot Gleeson (Chairman)Terry Massingham (Chief Executive) Bankside Consultants Limited Tel: 020-7367 8851Charles Ponsonby This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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