30th Mar 2007 11:35
Big Yellow Group PLC30 March 2007 For immediate release 30 March 2007 Big Yellow Group PLC ("Big Yellow", "the Group" or "the Company") Directorate Change Big Yellow Group PLC, the FTSE 250 self storage company, announces that PhilipBurks, a Co-Founder and Property Director of the Group, will be moving to a nonexecutive position from today's date. Over the last 6 months much of Philip's responsibilities have been assumed byAndrew Watson, the Group's newly appointed Director of Property. Andrew has beenwith Big Yellow for 6 years and will now head a team of 5, reporting directly toNicholas Vetch, the Group's Executive Chairman, who will take up responsibilityfor property matters at Board level. As a significant shareholder, Philip will remain available when his considerableexperience and contacts are needed. Nicholas Vetch, Chairman, commented:"I have been in business with Philip for 21 years and it has been unequivocallyand without exception, the best of partnerships. Although I will miss his day today involvement, I am grateful he will continue to make available his contacts,experience and advice. He has been instrumental in piecing together a unique portfolio for Big Yellowand on behalf of James Gibson, the Group's CEO, and the remainder of the Board,we thank him for his valuable contribution. Initially under Philip's guidance and latterly on his own merits, Andrew Watsonhas seamlessly established his credentials and I have every confidence that hewill continue to deliver the necessary property acquisitions and planningconsents to continue the Group's expansion." For further information, please contact: Big Yellow Group PLC 01276 477811Nicholas Vetch, ChairmanJames Gibson, Chief Executive Weber Shandwick Financial 020 7067 0700Louise Robson or John Moriarty Notes to Editors Big Yellow Group PLC is one of the leading and most dynamic self-storage groupsin the UK. It was founded in 1998 by Nicholas Vetch, Philip Burks and JamesGibson and listed on AIM in May 2000, moving to the Official List of the LondonStock Exchange in 2002. Big Yellow has expanded rapidly and now operates from 43 stores in London andthe South, and one in Leeds, with a further 19 stores in development and of the62, 51 are held freehold and two long leasehold. All the stores have thedistinct yellow branding, in accessible main road locations, with the majoritybeing within the M25 or in strong urban conurbations. When fully built out theportfolio will provide approximately 3.79 million sq ft of flexible storagespace. The Group has pioneered the development of the latest generation of self-storagefacilities, which utilise state of the art technology and are located in highprofile, main road locations. Its focus on the location and visibility of itsbuildings, coupled with excellent customer service, has created the mostrecognised brand name in the UK self-storage industry. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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