28th Sep 2010 07:02
28 September, 2010 Daily Mail and General Trust plc (`DMGT') Finance Director Announcement
Peter Williams has announced his intention to retire as Finance Director of DMGT in March 2011. Mr. Williams has been with DMGT since 1982 and has held the position of Finance Director since 1991.
"Peter has made a tremendous contribution over the last 19 years as Finance Director, making him one of the longest serving Finance Directors in the FTSE - a testament to his ability, loyalty and dedication. On behalf of the Board, I would like to thank Peter for his outstanding contribution and leadership and to wish him the very best in his retirement" Lord Rothermere stated.
Martin Morgan added that "it has been a real pleasure working with Peter not only during my time with DMGI, but more importantly since taking over as CEO of the Group in 2008. Although Peter will be retiring from the Company, I am pleased he will continue to have an active involvement with the DMGT Pension funds".
Replacing Peter, the Company announced the appointment of Stephen Daintith as the new Finance Director of DMGT.
Stephen is currently Chief Operating Officer and Chief Financial Officer of Dow Jones based in New York. Before joining Dow Jones in New York in April 2008, Mr. Daintith had been the CFO of News International since 2005.
"Stephen Daintith is a top class executive with extensive consumer and business-to-business experience that we are pleased will be joining the Company. Peter's are a large pair of shoes to fill, and I am confident Stephen will do so admirably" said Lord Rothermere.
Mr. Daintith previously held several executive positions at British American Tobacco, rising to be CEO of the company's Swiss unit in 2004 after various international assignments in Bangladesh, Pakistan and South Africa.
Mr. Daintith is British, married with four sons. He is a Chartered Accountant and after graduating from Leeds University, started his career with Price Waterhouse and Forte Plc. He will join DMGT early in 2011 and is expected to take over as Finance Director no later than 1st April 2011.
Enquiries: Martin Morgan, Chief Executive, DMGT 020 7938 6615
Andrew Honnor, Tulchan Communications 020 7353 4200
Daily Mail and General Trust plc Northcliffe House, 2 Derry Street, London, W8 5TT Tel 020 7938 6000 Fax 020 7938 4626 www.dmgt.co.uk Registered in England and Wales No. 184594 Embargoed for public release until 7am on 28 September, 2010
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