Board strengthened..7 Oct 2009 08:31
Appointment of Michael O'Donnell as the Group's full-time Finance Director with immediate effect.Michael O'Donnell BSc, ACA, (aged 48), a Chartered Accountant has worked as finance director for the past 15 years with a range of public and private organisations and has a strong record in delivering significant operational growth, both internationally and across a number of sectors.Michael has acted previously as interim financial director for Presentation Services Ltd, the outdoor media and events group, and as financial director for A Novo UK Ltd, the £30m turnover UK subsidiary of the French quoted Telecoms Group. He was also previously group financial director for CW Group Ltd, a London/New York-based publishing house, which he was headhunted to join from Profile Pursuit Group Ltd, London/New York-based publishing house. Prior to that Michael worked at Baker Tilly for 10 years.Mr Odonnels's proven record of building and managing profitable businesses and his familiarity with the stock market and its requirements, alongside his M&A and due diligence experience, will be a real asset to Wren as we seek to further grow the business and accommodate an ever-increasing and ageing population. Another piece of the jigsaw coming into place. This high profile Director should make the market rethink its strategic valuation and profile of this up and coming retirement home provider just as others have been on the receiving end of bids recently.