31st May 2007 07:03
DSG International PLC31 May 2007 PR 71/07 - Strictly embargoedFor release after 07.00 hours31 May 2007 DSG INTERNATIONAL plc Retirement of Group Chief Executive DSG international plc announces that John Clare, Group Chief Executive, hasnotified the Board that he intends to retire from the Group at the AGM on 5September, 2007. The Board has a process in place for the appointment of a newChief Executive and will make an announcement on that appointment shortly. John Clare said: "After 22 years with the Group, 13 as CEO, I have particularlyenjoyed working with many outstanding and committed colleagues and am proud ofwhat we have been able to achieve during that period. I feel it is time topursue other interests and hand over the leadership for the next phase of theGroup's development." Sir John Collins, Chairman, said: "On behalf of the Board, I thank John for thesignificant contribution he has made to DSG international, in particular inoverseeing the Group's development as Europe's leading specialist electricalretailer." On 16 May 2007 the Group issued a trading statement for the financial year to 28April 2007. Total Group sales were up 14% and like for like sales were up 4%.The Group confirmed that operating profit for the year would be in line withcurrent market expectations. Sales in the period since the beginning of thecurrent financial year have shown encouraging progress year-on-year across theGroup. - ENDS - For further information:David Lloyd-Seed Group Director of Investor Relations 01727 205 065Hamish Thompson Director of Media Relations 01727 203 195 / 07702 684 290Jonathon Brill Financial Dynamics 020 7269 7170 Information on DSG international plc is available at http://www.dsgiplc.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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