16th Dec 2005 07:01
Michael Page International PLC16 December 2005 16 December 2005 CHIEF EXECUTIVE ANNOUNCEMENT Michael Page International plc announces that Terry Benson has given the Boardnotice of his intention to stand down as Chief Executive at next year's AnnualGeneral Meeting and to retire from the Company at the end of 2006. StephenIngham, currently Managing Director of Michael Page's UK business and a memberof the Board, has been appointed Chief Executive Designate with immediateeffect. Steve Ingham, 43, joined Michael Page in 1987 as a consultant with Michael PageMarketing and Sales. He was responsible for setting up the London marketing andsales business and was promoted to Operating Director in 1990. He was appointedManaging Director of Michael Page Marketing and Sales in 1994. Subsequently hehas taken additional responsibility for Michael Page's Retail, Technology, HumanResources and Engineering businesses. He was promoted to Executive Director ofUK operations and joined the Board in January 2001. In May 2005 he was promotedto Managing Director - UK. Terry Benson, 54, joined Michael Page in 1979 and was appointed Chief Executiveof the Group in 1993. Since his appointment as Chief Executive, Michael Pagehas expanded from a business primarily focused on the UK to a global businessoperating in 18 countries. Commenting, Adrian Montague, Chairman, said: "Under Terry's leadership over the past 12 years, Michael Page has expanded itsgeographical presence, fostered a strong team culture and become one of theworld's leading brands in the specialist recruitment sector. The Board isextremely grateful to Terry for the enormous contribution he has made to theCompany's success and we wish him well for the future. "Michael Page has a rich history of developing its people and we are delightedto be able to appoint Steve Ingham as Chief Executive Designate. Terry andSteve will work together until the AGM next year to ensure an orderly handover." Trading during October and November was in line with the Board's expectations.Michael Page will announce its 2005 fourth quarter and full year trading updateon 6 January 2006 and its preliminary results on 1 March 2006. Enquiries: Michael Page International plcAdrian Montague, Chairman 020 7269 7291 Financial DynamicsRichard Mountain/David Yates 020 7269 7291 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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