17th Sep 2009 07:02
17 September 2009
Redstone plc
("Redstone" or the "Group")
Board Changes
Redstone is pleased to announce that Stephen Yapp, 52, will join the Board as Non-executive Director with immediate effect. It is intended that Stephen will become Executive Chairman following the posting of the Group's accounts to shareholders, at which time Alan Coppin, Executive Chairman, will step down from the Board. Stephen has extensive experience of strategic business development, operational management and value creation in a quoted company environment.
Additionally Tim Sherwood, Non-executive Director, will become Non-executive Deputy Chairman of the Group with immediate effect.
Alan Coppin, Executive Chairman commented:
"During my short term as interim executive chairman, Redstone's response to the challenging operating environment has been robust and has included: the disposal of two of the Group's five divisions and the consequent strategic refocusing of Redstone as an ICT company; the signing of the Birmingham Building Schools for the Future contract; further cost reductions; and, most recently, a shareholder led refinancing exercise. Accordingly, I consider it is the right time for me to leave the reshaped company and to continue with my other non executive roles and writing. I would like to thank all staff and particularly my direct reports for their incredible support over the last five months and to wish them all the very best for the future."
Stephen Yapp Schedule 2(g) disclosure:
Listed below are the names of the companies of which Stephen Yapp has been a director at any time in the past five years, there are no other details that need to be disclosed in accordance with Schedule 2(g) of the Aim Rules for Companies:
Journey Group plc (AIM Listed) - Executive Chairman
S&C Yapp Consulting Limited (Private) - Current Directorship
Air Fayre Limited (Private) - Current Directorship
Encompass Supply Chain Management Limited (Private) - Current Directorship
Elev8 Retail Limited (Private) - Current Directorship
International Catering Limited (Private) - Current Directorship
M 'N' H Sustainable Cabin Services Limited (Private) - Current Directorship
Media On The Move Limited (Private) - Current Directorship
Watermark Group Services (UK) Limited (Private) - Current Directorship
Watermark Limited (Private) - Current Directorship
Journey Group Limited (Private) - Current Directorship
Watermark Connect Limited (Private) - Current Directorship
Watermark Products limited (Private) - Current Directorship
Update International Services Limited - Current Directorship
Bigger Than Life (UK) Limited - Current Directorship
Imagesound plc (Matched Bargain) - Past Directorship
Reynolds & Reynolds Automotive Holdings Limited (Private) - Past Directorship
DCS Overseas Holdings Limited (Private) - Past Directorship
DCS Services Limited (Private) - Past Directorship
Intercede 1412 Limited (Private) - Past Directorship
DCS Automedia Limited (Private) - Past Directorship
DCS Automotive Limited (Private) - Past Directorship
Global Automotive (Northern) Limited (Private) - Past Directorship
Four Soft UK Limited (Private) - Past Directorship
DCS Automotive Holdings Limited (Private) - Past Directorship
Enquiries:
Redstone plc
Tel: +44 (0)845 200 2200
Alan Coppin, Executive Chairman
Tim Perks, Chief Financial Officer
FinnCap
Tel: +44 (0)20 7600 1658
Marc Young
ICIS
Tel. +44 (0)20 7651 8688
Tom Moriarty
Caroline Evans-Jones
Related Shares:
CTP.L