Directorate Change
03 Julho 2007 - 11:19AM
UK Regulatory
RNS Number:5704Z
Worthington Nicholls Group plc
03 July 2007
RNS Release
3 July 2007
Worthington Nicholls Group plc
Directorate changes
Worthington Nicholls Group plc ("Worthington Nicholls" or "Group"), one of the
UK's leading installers of air conditioning, heating, ventilation and chilled
water systems, announces the following changes to the Board.
Having come to the end of the 12 month contract agreed at the time of the
Group's admission to AIM, Peter Worthington, Chairman, will stand down from the
board and will be replaced by Alastair Stoddart, current Deputy Chairman, with
immediate effect. Peter will remain with the Group as a consultant.
Alastair Stoddart, 65, is a renowned entrepreneur. As part-owner of Cearns &
Brown Limited he helped to grow the company's revenues from #4 million to #200
million before selling the business in 2000. Alastair was also Chairman of
Lindley Catering Limited which was sold in July 2005. He is currently Chairman
of Wetherby Building Systems Limited.
Alastair Stoddart, incoming Chairman, commented:
"Peter initially founded the business in 1973 and was instrumental in driving
the business through long periods of its growth. As Chairman, he led the Group
through an exciting first year on AIM and it has been a pleasure working with
him over the last twelve months. He can justifiably feel immensely proud of the
legacy he leaves behind. I know all of the Board and staff will join me in
expressing our gratitude for the work he has done over the last 34 years and in
wishing him well for the future. We will, of course, continue to see him
regularly in his new role as a consultant to the Board".
Peter Worthington added:
"I have decided that it is the right time for me to hand over the reigns to
Alastair. We have worked closely over the last year and I believe the Group is
gaining a worthy successor and I wish him well. I will, of course, be available
to the Board whenever they need my advice and expect the Group to continue its
growth over the coming years."
Enquiries:
Worthington Nicholls 01625 546 700
Mark Worthington, Chief Executive
David Levis, Corporate Director
Blue Oar Securities 020 7448 4400
Romil Patel/Rhod Cruwys
Gresham PR Ltd. 020 7404 9000
Neil Boom
This information is provided by RNS
The company news service from the London Stock Exchange
END
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