24th Apr 2008 07:01
Finsbury Food Group PLC24 April 2008 Date: 24 April 2008 On behalf of: Finsbury Food Group plc ("Finsbury" or "the Group") Embargoed until: 0700hrs Finsbury Food Group plc Directorate Change - Appointment of Chairman In January 2007, the Group announced the acquisition of the Lightbody Group Ltdand, at that time, Lord Saatchi announced his plan to retire as Chairman a yearafter the completion of the acquisition. Accordingly, Lord Saatchi confirms today that he will step down as Chairman, andfrom the Board, with effect from 30 April 2008. He will be replaced by DavidMarshall who has been Deputy Chairman of the Group since its creation in 2002.David will be assisted in his role by Paul Monk, who continues as DeputyChairman - an appointment he took up in February 2007. Lord Saatchi has been the Chairman of Finsbury Food Group for over five years,during which time he has overseen the Company's development into a major playerin the UK cake, bread and gluten free markets. The Group is now the secondlargest UK cake supplier to the UK's multiple grocers, and also the largestsupplier of gluten free baked goods to the UK's multiple grocers. David has extensive experience as director of a number of listed companies. Heis the Chairman of Creston plc and of London Finance & Investment Group plc,both of which are fully listed on the London Stock Exchange, and Chairman ofAIM-listed Western Selection PLC. He is also a director of a number of otherfully listed and AIM-listed companies such Northbridge Industrial Services Plcand various private limited companies. David Marshall's elevation to the role of Chairman provides a seamlesssuccession and will allow the Group to continue with the strategy which hasserved it well over the last five years of focussing on being "The Best at WhatWe Do" in the market segments of indulgence, celebration and health. - Ends - For further information: Finsbury Food Group Plcwww.finsburyfoods.co.uk Dave Brooks (Chief Executive) 07831 787 382 Redleaf [email protected] Emma Kane/Sanna Sumner/Anna Dunkin 020 7822 0200 • Publication quality photographs are available via RedleafCommunications Notes to Editors: • Finsbury Food Group plc (AIM: FIF), a leading manufacturer of premiumand celebration cakes, low fat cake slices and artisan, organic and gluten freebread and morning goods • Finsbury Food Group is the number 2 player in the UK cake industry amarket valued at £1.51bn (TNS, January 2008) • Its strategy is to build a significant food group in core areas, bothorganically and by acquisition • Finsbury's aim is to be "The Best at What We Do" This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
FIF.L