5th Sep 2007 07:02
Bloomsbury Publishing PLC05 September 2007 Bloomsbury Publishing Plc Directorate Change Bloomsbury Publishing Plc announces the following change to its Board: Nigel Newton, Founder, Chairman and Chief Executive of BloomsburyPublishing Plc announces that he and the Nominations Committee of Bloomsburyhave appointed a new Non-Executive Chairman of the Board of BloomsburyPublishing Plc in order to achieve the Company's ambitions for the next stageof its development. Newton wishes to separate the roles of Chairman and ChiefExecutive in accordance with corporate governance best practice. Jeremy Wilson has been appointed Non-Executive Chairman with effect from 27September, 2007. Jeremy has worked at Barclays Bank PLC since 1972, where hehas held a number of senior management positions. He is Vice Chairman, BusinessBanking at Barclays Bank PLC, a position he will retain. Jeremy Wilson has 30years experience in the corporate and institutional world both internationallyand within the United Kingdom. He brings to Bloomsbury City and global financialservices experience, both as a banker and as a Non-Executive Director of variousorganisations around the world. He has been a Non-Executive Director ofBloomsbury since November 2005. Commenting, Nigel Newton, Founder and Chief Executive of Bloomsbury, said: "For some time I have been considering separating the roles of Chairman andChief Executive. I see this as useful in achieving Bloomsbury's ambitions inthe years ahead, allowing me to concentrate on the development and execution ofBloomsbury's strategy during a period when we foresee significant change in thepublishing industry; I am very pleased that Jeremy Wilson has accepted theBoard's invitation to become Non-Executive Chairman. He brings withhim valuable experience in business and finance within a FTSE 100 company; hisskills and background make him well suited to become Non-Executive Chairman ofBloomsbury. I know that I can work closely with him which is crucial." Commenting, Jeremy Wilson, said: "I am pleased at the prospect of becoming Non-Executive Chairman of Bloomsbury;it is a remarkably successful Company with a formidable publishing list, awealth of talented individuals at all levels of the Company, with one of themost widely recognised brands in worldwide publishing. Bloomsbury is wellpositioned to take advantage of the opportunities now arising in the publishingsector." Commenting, Charles Black, Vice Chairman of Bloomsbury, said: "I am delighted that Jeremy has agreed to take the role of Non-ExecutiveChairman of Bloomsbury. The Board owes a great debt of gratitude to Nigel forthe way in which he has performed both roles since he founded the Company inSeptember, 1986; Jeremy Wilson's appointment will greatly assist Nigel as ChiefExecutive, and the Directors of the Company, in realising the strategicobjectives of Bloomsbury." To talk to Jeremy Wilson and Nigel Newton:Analysts phone conference at 9:00am. Please dial +44 207 190 1232Shareholder phone conference at 9:30am. Please dial +44 207 190 1232Press phone conference at 10:00am. Please dial +44 207 190 1232 Enquiries: Dan de BelderBell Pottinger020 7861 3881 or e-mail [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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