11th Sep 2007 11:01
Evolution Group PLC11 September 2007 Evolution Group Plc Appointment of new non-executive Director The Board of Evolution Group Plc ("Evolution") is pleased to confirm theappointment of Peter Gibbs as a non-executive director with effect from 1October 2007. Gibbs, aged 49, has a wealth of financial services experience in the AssetManagement sector. Having begun his career at Brown Shipley, Gibbs joinedBankers Trust in 1985 as a Senior Portfolio Manager. In 1989 he joined MercuryAsset Management (MAM) where he rose to become Head of the InternationalEquities Division. Following the acquisition of MAM by Merrill Lynch, Gibbs wasappointed co-Head of Equity Assets worldwide. In 2003 he became Chief InvestmentOfficer and Head of Region for Merrill Lynch's Investment Management activitiesoutside the US. Gibbs was a non-executive director of Bridgewell Group PLCbetween June 2006 and August 2007. This followed his early retirement fromMerrill Lynch in November 2005. Commenting on Gibbs' appointment Evolution's Chairman Martin Gray, said "I amdelighted that Peter has agreed to join the Board. His wealth of experience inthe Asset Management sector will complement the existing skills on the Board.This appointment furthers our stated aim of strengthening of the Board andfollows the appointments of Andrew Umbers in June 2006 as an executive directorand Mark Nicholls as a non-executive director in October 2006. Evolutioncontinues to be well placed to pursue its strategic aims following theassimilation of the business of Williams De Broe and re balancing of income streams." Gibbs said: "Evolution is at an important juncture in their history with therecent integration of Williams De Broe. I look forward to making a significantcontribution to the Board as Evolution takes further steps to create furthershareholder value and to embed its governance practices." No further details regarding Peter Gibbs are required to be disclosed to comply with Rule 9.6.13 of the Listing Rules. --- ends --- For further information please contact: The Evolution Group Plc 020 7071 4300Alex Snow, Chief ExecutiveGraeme Dell, Finance Director Bell Pottinger Corporate & Financial 020 7861 3232Charles CookMike DaviesVictoria Geoghegan This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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