5th Jan 2009 09:39
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
5 January 2009
Innovation Group plc ("Innovation" or the "Company")
Changes within the Board
The Board of Innovation announces that on 5 January 2009, Geoff Squire stepped down as Chairman of the Company. At the request of the Board, he will remain on the Board as a non executive director until the Company's AGM to be held on 16 March 2009, at which time he intends to retire and not seek re-election.
David Thorpe will replace Mr Squire as Chairman of the Company on an interim basis.
The Board intends to appoint an external candidate to fill the role of Chairman on a permanent basis at the earliest opportunity and has requested the Company's nomination committee (which will be chaired by Dr Kurt Lauk) to engage recruitment consultants to begin the process of identifying appropriate candidates. A further announcement will be made in due course.
Commenting on the changes, David Thorpe said:
"Geoff Squire has had a long association with Innovation and has played a valuable role in its transformation over the last 5 years to one of the leading technology led BPO specialists for the global insurance market. The Board wishes him well and thanks him for his significant contribution to the work of the Board throughout his term as Chairman"
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Enquiries: |
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Innovation |
Tel: +44 (0)1489 898 300 |
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David Thorpe (Chairman) |
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Financial Dynamics |
Tel: +44 (0)20 7831 3113 |
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Ed Bridges |
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Juliet Clarke |
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END
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