Last checked at 13 Dec 2007 07:00
CORSIE GROUP PLC (the "Company") BOARD CHANGE Experienced businessman joins Corsie
The Board of Corsie, the AIM listed specialist in the assembly and sale of products and services to the leisure market, is pleased to announce the appointment of Mr James ("Jim") Aitken as a Non-Executive Director (and Chairman designate) to the Board, with immediate effect.
Jim, a former Scotland Rugby Captain and well known for leading his country to a grand slam victory in 1984 and a 25:25 draw against the All Blacks, is an experienced and successful businessman, bringing to the Board a strong track record in business. He owns and operates Alexander Inglis and Son Limited, one of Scotland's largest grain merchants based at Ormiston near Tranent, and successfully sold Scotmalt Limited to malt derivative merchant Muntons plc in 2003.
Jim, first capped as a 29 year old against England in 1977, and remembered as one of Scotland's most successful captains, will replace David Mathewson as Chairman from the next AGM, in May 2008. David will step down from the Board at that juncture, given his other commitments. The Board thanks David for his continued service and commitment.
Jim Aitken commented:
"I am pleased to be appointed to the Board of Corsie; it is a first class business operating in some interesting sectors with significant potential for growth. I look forward to contributing to its future growth."
Richard Corsie MBE, CEO, added:
"I am delighted to welcome Jim, both a proven leader and successful businessman , to the Board. His appointment adds to an already strong Board of Directors and the Company looks forward to utilising his expertise in business, and contacts to the full.
Save as disclosed below, there are no further details required to be disclosed
pursuant to schedule 2(g) of the AIM Rules.
Mr James Aitken, (age 60)
Listed below are the names of the companies of which Mr Aitken has been a
director or partner at any time in the past five years.
Other Directorships / Partnerships Former Directorships Held Within Last 5 Currently Held
Years Alexander Inglis and Son Limited The Independent Merchants (Scotland) Limited Kirkliston Ventures Limited Westfellows (Haddington) Limited Scottish Corn Trade Association The Kirklison Property Company Limited Limited (The) Scotmalt Trading Limited Westfellows Limited Enquiries:Corsie Group plc Tel: 01620 828940Richard Corsie MBE, Chief Executivewww.corsiegroup.com
City Financial Associates Limited Tel: 020 7492 4777 James Caithie
Bishopsgate Communications Ltd Tel: 020 7562 3350Dominic BarrettoGemma O'HaraAbout Corsie Group plc
Corsie is a provider of products to the worldwide leisure market. Its business operates in the UK and has customers in a number of geographical markets including Europe, Canada, Hong Kong, Malaysia, Australia and New Zealand. The business was founded by Richard Corsie in 1997 after he retired from the sport of bowls and following the buyout of Douglas Kenn Limited and Worth Sports Limited. Corsie operates from its headquarters in Haddington, near Edinburgh.
The Corsie Group is involved in the assembly and sale of products and services to the leisure market. The Group consists of three operating divisions: Spa Division, Surfaces Division and Sports Division. Within each division, the Group is focused on achieving growth both organically, and through selective acquisition of companies or businesses in the leisure market.
On 19 September 2006, Corsie announced that it had acquired the business and assets of Kaloss International Limited, a distributor and wholesaler of health and beauty products, for a cash consideration of ‚£434,000. Information on Kaloss can be obtained at: www.kaloss.com .
CORSIE GROUP PLC