10th Nov 2010 07:00
Release date: 10 November 2010
Embargoed until: 07:00
CLS HOLDINGS PLC
BOARD CHANGES
CLS Holdings plc ("CLS") is pleased to announce that Richard Tice will become Chief Executive Officer with effect from 1 January 2011.
At the same time, Henry Klotz will assume the new role of Executive Vice Chairman and Thomas Lundqvist will step down as Non-Executive Vice Chairman but remain a Non-Executive Director of CLS.
Sten Mortstedt, Executive Chairman of CLS, commented:
"These changes reflect our commitment to succession planning and ensuring that CLS is well positioned for the future. Richard has already proven that he will be a very capable Chief Executive Officer and has the right skills to manage the next phase of our development.
I would like to thank Henry for managing CLS so successfully through the most difficult property market in living memory and I am delighted that he will take up a new role with us. We will continue to benefit from his extensive international business experience and he will remain as Chairman of our associate company, Catena AB.
I would also like to thank Thomas for his Vice Chairmanship and his continuing contribution to the Board."
-ends-
For further information, please contact:
CLS Holdings plc +44 (0)20 7582 7766
www.clsholdings.com
Sten Mortstedt, Executive Chairman
Henry Klotz, Chief Executive Officer
Richard Tice, Deputy Chief Executive Officer
Kinmont Advisory +44 (0)20 7087 9100
Jonathan Gray
Smithfield +44 (0)20 7360 4900
Alex Simmons
Related Shares:
CLS Holdings