3rd Oct 2006 10:05
Dairy Farm International Hldgs Ld03 October 2006 To: Business Editor For immediate release DAIRY FARM ANNOUNCES APPOINTMENT OF NEW GROUP CHIEF EXECUTIVE 3rd October 2006 - Dairy Farm today announced that Ron Floto is to retire asGroup Chief Executive of Dairy Farm on 31st March 2007. He will be succeeded byMichael Kok. Michael Kok first joined Dairy Farm in Singapore in 1987. He is currently DairyFarm's Regional Director for South Asia and in this role has overseen sustainedsales and earnings growth in South Asia in recent years. Chairman of Dairy Farm, Simon Keswick, said, "Following his appointment as GroupChief Executive in 1997, Ron has been instrumental in restructuring Dairy Farm'soperations and has led the Group's strong return to profitability. I would liketo thank him for his significant contribution to the Group. We are pleased thathe is remaining on the Board in a non-executive capacity. I would also like tocongratulate Michael on his appointment." Dairy Farm is a leading pan-Asian retailer. At 30th June 2006, the Group and itsassociates operated 3,343 outlets - including supermarkets, hypermarkets, healthand beauty stores, convenience stores, home furnishings stores and restaurants;employed over 62,000 people in the region; and had 2005 total sales of US$5.5billion. Dairy Farm International Holdings Limited is incorporated in Bermuda with itsprimary share listing in London. The Company's shares are also listed in Bermudaand Singapore. Dairy Farm is a member of the Jardine Matheson Group. - end - For further information, please contact: Dairy Farm Management Services LimitedHoward Mowlem (852) 2299 1896 Email: [email protected] Matheson & Co LimitedMartin Henderson (44) 207 816 8135 GolinHarrisJohn Morgan (852) 2501 7939 Email: [email protected] Weber Shandwick Square MileRichard Hews/Helen Thomas (44) 207 067 0700 This and other Group announcements can be accessed through the Internet at'www.dairyfarmgroup.com'. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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