3rd Apr 2006 07:02
Microgen PLC03 April 2006 Microgen Information Management Solutions www.microgen.co.uk 3 April 2006: Embargoed until 7.00am Appointment of Chief Executive Officer and Board Changes Following the integration of the acquisitions made in recent years and theinvestment in the new software products, the Board is pleased to announce that,with effect from 1 May 2006, David Sherriff is to be appointed Chief ExecutiveOfficer of Microgen plc. Mr Sherriff (43) joined Microgen in 1999 and becameGroup Managing Director in 2002. His appointment is a natural evolution for theGroup and a consequence of a structured succession programme. Having led the transformation of Microgen over the last 8 years, MartynRatcliffe, currently Executive Chairman, has advised the Board of his wish tomigrate his role to a non-executive position, which the Board fully supports. MrRatcliffe will maintain an active role in the Group on a part-time basis. Following these changes, Microgen's strategy will focus on driving the organicdevelopment of the Group and achieving the full potential from the new productsbeing launched in 2006. As a result, and given the Group's strong profitabilityand cash flow, the Board anticipates recommencing dividend payments in thecurrent financial year. Mr Patrick Barbour (71) has also advised the Board that he will step down at thenext Annual General Meeting. Mr Barbour first joined the Board in 1978 and wasExecutive Chairman for many years. The Board would like to thank Mr Barbour forhis substantial contribution to the development of Microgen over the past 28years. The Annual General Meeting will be held on 11 May 2006. The notice of AGM andAnnual Report for 2005 will be posted to shareholders within the next few daysand these documents include details on the proposed Management Long TermIncentive Plan outlined in the Preliminary Results statement issued on 15 March2006. - Ends - Contact : Martyn Ratcliffe, David Sherriff 01252 772 311Giles Sanderson, Financial Dynamics 020 7831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Aptitude