30th Sep 2005 09:26
St Ives plc - Changes in Board ResponsibilitiesThe Board of St Ives announces that in future the Group will be managed asthree operating segments, namely Media Products, Commercial Products and USA.In respect of the 52 weeks ending 28 July 2006 and thereafter, segmental salesand operating profit will be reported in this way.The following changes in Board responsibilities reflect the new segmentalstructure: Brian Edwards will remain as Group Managing Director with overallresponsibility for the day-to-day management of the Group, but with particularresponsibility for Commercial Products, serving the direct response,commercial, and point-of-sale markets in the UK and financial marketsworldwide; Wayne Angstrom continues to have responsibility for the Group's USbusinesses, serving commercial, point-of-sale and magazine markets; and PatMartell will become Managing Director Media Products, responsible for the book,magazine and multimedia markets mainly in the UK. As part of this new structureMiles Emley's role as Chairman will become part-time. The new structureannounced today will take place with immediate effect. 30 September 2005Press enquiries:St Ives plc 0207 928 8844Miles Emley ChairmanBrian Edwards Managing DirectorENDST IVES PLCRelated Shares:
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