27th Mar 2006 16:04
IFG Group PLC27 March 2006 COMPANY ANNOUNCEMENT IFG Group plc announces that Richard Hayes, Group Chief Executive, who hadpreviously indicated that he would be stepping down as Chief Executive thisyear, has to-day announced his resignation. He will remain on as a non-executivedirector of the Company. In the interim period, pending the appointment of a new Chief Executive, MarkBourke, Deputy Chief Executive assumes day to day responsibility for the affairsof the Group. A sub committee of the Board has been set up to deal with theappointment of a new Chief Executive. Results for the year ended 31 December 2005 will be announced on 12 April 2006. As stated previously the trading performance in the operating business wasstrong in the second half of 2005. Commenting to-day Richard Hayes said "Over the past fifteen years IFG has developed through green field start ups,organic growth and acquisitions into a Group with three businesses of scale, inIreland, the UK and Internationally. Each has outstanding management and theprospect of material growth over the next few years. I look forward to mycontinued involvement with the Group as a non-executive director". For further information contact :- Mark BourkeDeputy Chief ExecutiveIFG Group plcPh : 01 2752800/ 01 2752808Email : [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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