5th Dec 2007 07:00
Intimas Group PLC05 December 2007 Intimas Group plc Resignation of Chairman Intimas Group plc ("Intimas" or "the Group") is a designer and supplier ofladies' intimate apparel, with a portfolio of brands comprising Lepel, Ted BakerIntimates, Discover Mademoiselle and Charnos Lingerie The Intimas Board announces that Michael Hobbs has tendered his resignation asthe Group's non-executive Chairman, as a result of his other personal businesscommitments, which mean that he is now living and working in Italy, andconsequently feels unable to devote the time necessary to continue fulfillingthe role of Chairman. In order to ensure the smooth handover to a new Chairman, Michael has indicatedhis willingness to remain with the Group until March 2008. A furtherannouncement regarding his departure date, and the appointment of a successor,will be made in due course. Carol Duncumb, Chief Executive, comments: "On behalf of the Board and of shareholders, I would like to express my sincerethanks to Michael for the role he has played in guiding the group through achallenging period. In particular, I would like to thank him for his input intoour change in strategic direction, as we have evolved from a business focused onthe design and supply of own label merchandise to a business combining own labelwith the development of its own brands." 5 December 2007 ENQUIRIES: Intimas Group plc Tel: 0115 983 6000Carol Duncumb, Chief ExecutiveTim Laughton, Finance Director KBC Peel Hunt (Nominated Adviser and broker to Tel: 020 7418 8900Intimas Group plc) Matt Goode College Hill Tel: 020 7457 2020Gareth David This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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