11th Dec 2008 07:23
Dairy Crest Group plc
Resignation of Executive Managing Director of Dairies Division
Dairy Crest plc announces that Martin Oakes has resigned from his position as Executive Managing Director of the Dairies Division. Martin will step down from the Board of Dairy Crest with immediate effect and leave the Company on 31 January 2009. Martin has been on the Board of the Company since February 2007. The position will not be replaced.
Mark Allen, Chief Executive of Dairy Crest, will take direct control of the Dairies Division with the Head of Household and Head of Liquids reporting directly to him. He was Executive Managing Director of this Division before his appointment as Chief Executive in January 2007.
Commenting on the change, Simon Oliver, Chairman of Dairy Crest said:
"The Board would like to thank Martin for his contribution to Dairy Crest and wish him well for the future.
"We have a strong team in place in our Dairies Division who will now report directly to Mark Allen. This revised structure will enable us to address the current market challenges and capitalise on the opportunities that we have as the UK's leading dairy company".
For further information, please contact
Dairy Crest Group plc
Arthur Reeves, External Affairs Director 01372 472236
Brunswick
Simon Sporborg 0207 404 5959
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