Celtic Regulatory News (CCP)

28 Sep 2007 14:30

Celtic PLC28 September 2007 28 September 2007 Celtic plc Changes to Celtic plc Board Celtic plc ("the Company") announces the following changes to its Board ofDirectors. The Company's Chairman, Brian Quinn, CBE will retire from office at theconclusion of the Company's Annual General Meeting, to be held on Monday 19November 2007. Mr Quinn is not standing for re-election. Mr Quinn has been a director of the Company since March 1996 and Chairman sinceJune 2000. Mr Quinn will be succeeded as Chairman by the Rt. Hon Dr John Reid, who willjoin the Board as an independent non-executive Director and Chairman-designatewith effect from 1 October 2007. It is intended that Dr Reid takes up the officeof Chairman at the conclusion of the AGM. The Company is also pleased to announce that Ian Livingston will join the Boardof Celtic plc as an independent non-executive director on 1st October 2007. MrLivingston will become a member of the Company's Audit Committee. Celtic's Chairman, Brian Quinn, said: "I have greatly enjoyed the 11 years I have served as a director of Celtic,seven of those as Chairman. It has been an honour to have lead the Board of thisCompany. I am grateful to my fellow directors and colleagues throughout theCompany for their support and their dedication to Celtic, and wish them andCeltic every success in the future. I will, of course, continue to supportCeltic, one of the great clubs in world football. My retirement also triggers the need to appoint a successor. I am delighted thatJohn Reid has agreed to take on this role; I am confident he will lead theCompany and Celtic Football Club to an even brighter and more successful future.He is also joined on the Board by Ian Livingston, an exceptionally ableindividual, who will further strengthen what is an already excellent group ofdirectors. I'm sure all our shareholders and supporters will join me in welcoming John andIan to the Company in their new roles. " John Reid commented, "Brian Quinn has been a superb Chairman of Celtic and is an extremely hard actto follow. I have been a supporter of Celtic for many years and am delighted tobe invited to join the Board and carry on the great work that has already beendone." Mr Livingston said: "To be asked to join the Board of the club that I have beena season ticket holder of for many years is a great opportunity and privilege. Iam very much looking forward to becoming involved and contributing to the Club'scontinuing success and development." Dr John Reid (60), holds a PhD in history from Stirling University. He has beena Member of Parliament since 1987. During his career as a politician, Dr Reidhas held posts as a Government Minister, firstly in Defence and then Transport.Dr Reid went on to become a Cabinet member holding various posts as a Secretaryof State, and culminating as Secretary of State for Home Affairs. He resignedfrom that post in June 2007 but retains his position as the Member of Parliamentfor Airdrie and Shotts. Dr Reid is a former director of ParliamentaryBroadcasting Unit Limited. Dr Reid holds 3,000 Ordinary Shares of 1p each (0.003%) and 3,000 PreferenceShares of 60p each (0.017%) in the capital of the Company. Ian Paul Livingston (43) is currently Chief Executive of BT Retail, the consumerand business division of BT Group in the UK and Ireland, and is an executivedirector of BT Group plc. He joined BT in 2002 as Group Finance Director, havingheld a similar post at Dixons Group plc. Mr Livingston has also previously beena non-executive director of Freeserve plc, Ladbrokes plc and Ladbrokes EmployeeShare Trust Limited and also previously a director of British TelecommunicationsPLC . He qualified as a Chartered Accountant in 1987. Mr Livingston holds 505 Ordinary Shares of 1p each (0.0006%), 500 PreferenceShares of 60 p each (0.003 %) and 1,600 Convertible Preferred Ordinary Shares of100p each ( 0.008 % ) in the capital of the Company. There are no further details to be disclosed under AIM Rule 17 relating toeither appointment. End. Notes to editors: Press and media enquiries to Alex Barr, BIG Partnership, 0141 333 9585 This information is provided by RNS The company news service from the London Stock Exchange