9th Oct 2006 07:01
IP Group PLC09 October 2006 For immediate release 9 October 2006 IP Group plc ("IP Group" or the "Company") IP Group launches new Executive Search subsidiary, headed by Stuart Thompson IP Group plc (LSE: IPO), the intellectual property commercialisation company, ispleased to announce the launch of IP Exec - the Company's new Executive Searchand Talent Management subsidiary. This new division will be headed by Stuart Thompson who joins from WhiteheadMann, one of the UK's premier leadership consultancies, where he was head of thehealthcare and life sciences practice. Stuart takes up his new position at IP Group today and will be responsible forsourcing board directors, both executive and non-executive, for positions bothwithin the IP Group structure and across its portfolio companies. Alan Aubrey, Chief Executive of IP Group, said: "We are delighted that Stuarthas decided to join IP Group. His appointment reflects the importance that theCompany attaches to the selection and retention of top executives in the UK forearly stage technology businesses." For more information, please contact: IP Group plc 020 7489 5200Alan Aubrey, Chief Executive OfficerLiz Vaughan-Adams (communications) 020 7489 5206/07979853802 Buchanan Communications 020 7466 5000Mark Court, Tim Anderson, Mary-Jane Johnson Notes for editors About IP Group IP Group Plc is an intellectual property (IP) commercialisation company thatspecialises in commercialising university technology. Founded in 2001, IP Grouplisted on AiM in October 2003 and moved to the Official List in June 2006. Ithas made two acquisitions to date - Techtran, a company set up to commercialiseuniversity intellectual property under a long term contract with the Universityof Leeds, in 2005 and Top Technology Ventures, an investment adviser to earlystage technology venture capital funds, in 2004. The group has formed long-term partnerships with nine universities - theUniversity of Oxford, King's College London, CNAP/University of York, theUniversity of Leeds, the University of Bristol, the University of Surrey, theUniversity of Southampton, Queen Mary, University of London and the Universityof Bath. As at 30 June 2006, 44 spin-out companies had been created among the group'suniversity partners. Of those, eight have listed on the AiM market of the LondonStock Exchange and there have been two trade sales. For more information, please visit our website at www.ipgroupplc.com. ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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