06 March 2007
Gerard Hughes, Group Commercial Director, has been appointed to the Board as an executive director. He joined the Group in April 2000 as Company Secretary and, in addition to that role, he has, since October 2005, played a major role in the restructuring and refinancing of the Group, including the business disposals during the course of 2006. Before joining the Group he was Deputy Group Secretary at WH Smith.
In accordance with previous announcements on Board succession, Lesley Knox retires today having served as a non executive director since 2001. Michael Wemms, who was appointed as a non executive director in November 2006, takes over as Chairman of the Remuneration Committee. He has also been appointed as Senior Independent Director.
Tony De Nunzio also retires today. He was appointed as a non executive director in 2000 and has served as Deputy Chairman, Chairman of the Audit Committee and Senior Independent Director. Angus Cockburn, who was appointed as a non executive director in October 2006, takes over as Chairman of the Audit Committee.
Commenting on the changes, Will Samuel, Chairman, said:
"We are very grateful to Tony De Nunzio and Lesley Knox for their significant contributions to the Board and its Committees over the past six years and particularly during the recent period when the Group has stabilized its position. The appointments today will be instrumental in advancing Galiform's next stage of development."
In accordance with paragraph 16.4 of the Listing Rules, it is confirmed that there are no details to be disclosed in relation to Gerard Hughes under paragraph 6.F.2 (b) to (g) of the Listing Rules.
Head of Investor Relations
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