11 Dec 2009 07:00
11 December 2009
Albemarle & Bond Holdings PLC
("Albemarle & Bond" or "the Company")
Appointment of new Chief Financial Officer
The Company is pleased to announce the appointment of Liam Moran as our new Chief Financial Officer. Liam replaces David Pattinson, who has been Finance Director for the last 7 years. Some time ago David indicated that he wanted to move on to new challenges and we have used the interim period to recruit his successor.
Liam joins us from B&Q PLC where he was Director of Commercial and Supply Chain Finance. Prior to that he worked for Kingfisher PLC from 1993 to 2005 in a number of strategic and financial roles. After graduating from Oxford University in 1989 he started his career with Arthur Anderson where he passed his Chartered Accountancy professional exams.
Barry Stevenson, CEO of Albemarle & Bond, commented:
"I am delighted that we have been able to attract someone of Liam's financial and strategic acumen to join Albemarle & Bond, and I look forward to working closely with him to take the business forward. At the same time, I would like to thank David Pattinson who has made an excellent contribution since he joined in 2000 to the consistent and strong growth of our business. In particular, I would like to recognise the very professional and considered approach David has taken to support a careful succession plan and handover. I am sure he will go on to be a great success in his future ventures".
David Pattinson, Finance Director of Albemarle & Bond:
"I am immensely proud of what we have achieved at Albemarle & Bond but after nearly 10 years service the time is right to seek out new challenges. I have very much enjoyed working with Barry and I am sure that the Company will be in very good hands under Barry and Liam's leadership".
Liam joins the business on the 14th December 2009 and will work on an effective handover with David Pattinson over the next 12 weeks.
Ends
The following information is disclosed in relation to Schedule Two paragraph (g) of the AIM Rules:
Liam Kevin Moran (aged 41) has been a director of the following companies during the last 5 years:
| B&Q (Retail) Jersey Limited | |
| B&Q (Retail) Guernsey Limited |
No further information is required to be disclosed pursuant to Schedule Two paragraph (g).
| Enquiries | |
| Albemarle & Bond | 0118 955 8100 |
| Barry Stevenson, CEO | |
| Smith & Williamson Corporate Finance Limited | 0117 376 2213 |
| Nick Reeve/Martyn Fraser | |
| Cardew Group | 020 7930 0777 |
| Tim Robertson/Shan Shan Willenbrock |