8th Feb 2007 17:23
QinetiQ Group plc08 February 2007 QinetiQ Group plcThursday 8 February 2007 RESIGNATION OF GLENN YOUNGKIN AS A NON-EXECUTIVE DIRECTOR QinetiQ Group plc, the international defence and security technology company,today announces the resignation of Glenn Youngkin as a non-executive director inconnection with Carlyle's announcement of its intention to sell down itsshareholding in QinetiQ. Mr Youngkin's resignation will take place withimmediate effect. Mr Youngkin, managing director, The Carlyle Group said: "I have greatly enjoyedworking with the outstanding team at QinetiQ and am very proud of the companyand its excellent performance since 2003. The company is now very wellpositioned in the defence and security technology market, both in the UK and theUS, and I am certain it will continue to excel for the benefit of itsshareholders. It has been a privilege to have been a part of this successstory." Graham Love, chief executive of QinetiQ said: "We thank Glenn Youngkin and theCarlyle team for their support, guidance and industry expertise over the pastyears. Their input has been instrumental in the evolution of our business, andwe particularly value their contribution to growing our business in the USthrough acquisition, a strategy which we continue today." - ends - For further information please contact: Nicky Louth-Davies, QinetiQ press office +44 (0)1252 392809 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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