3rd Mar 2008 17:23
Stobart Group Limited03 March 2008 3 March 2008 STOBART GROUP LIMITED Directorate Changes Stobart Group Limited ("Stobart" or the "Company") is pleased to announce thatat its Board meeting held on 29 February the following appointments to the Boardof the Company were made with effect from 1 March 2008: Andrew Tinkler Chief Executive Officer William Stobart Chief Operating Officer Ben Whawell Chief Financial Officer Richard Burrell Non-Executive Director Michael Kayser Non-Executive Director Nigel Rawlings Non-Executive Director The Company also announces that William Kay and Iain Stokes stepped down fromthe Board of the Company with effect from 1 March 2008. The Company is presently controlled and managed in Guernsey and has beenmaintained as non UK-resident for tax purposes since its incorporation.Following a thorough review and professional advice the Board has decided tomove the location of its central management and control of the Company to the UKconsidering it to be in the best interests of the Company and its Shareholdersas a whole. The Board changes the Company has announced today are expected toresult in the Company being treated as resident in the UK for UK tax purposesfrom 1 March 2008. Further details relating to the new Directors required by rule 9.6 of theListing Rules will be notified as soon as practicable. Rodney Baker Bates, Chairman of Stobart said: "I am very pleased to welcome ournew Board members. Michael Kayser brings valuable commercial and financialexpertise and will chair the Company's audit committee. Andrew Tinkler, WilliamStobart and Ben Whawell assume the positions on the Group Board that theycurrently hold at Eddie Stobart, our principal trading subsidiary and RichardBurrell and Nigel Rawlings join the Board as anticipated at the time of themerger of Westbury and Stobart. I would like to extend the Board's thanks to William and Iain, who guided theCompany throughout its time as a Guernsey-based fund and who now hand over to aUK-based team." - Ends - For further information, contact: Stobart Group 01925 605 400Andrew Tinkler, Chief ExecutiveBen Whawell, Finance Director Lansons Communications 020 7490 8828Karen MignonCharlie Field This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
STOB.L