Conduit Hldg Regulatory News (CRE)

26 Nov 2009 07:00

Press Release 26 November 2009

Creston plc 

Appointment of David Grigson as Non-Executive Director and Chairman-elect

Creston plc (LSE: CRE), the Insight and Communications Group, today announces the appointment of David Grigson to the Board of Creston plc as Non-Executive Director and Chairman-elect. David will take up the role of Non-Executive Chairman from the beginning of Creston's next financial year on 1 April 2010. He will be a member of the Audit, Remuneration and Nominations Committees.

David Marshall, who was appointed Non-Executive Chairman of the Board in 1999 having previously acted as Chairman from 1984 until 1993, will retire as Chairman at the end of the Group's current financial year on 31 March 2010. He will continue to serve the Board as a Non-Executive Director.

David Grigson has 25 years' experience in the media sector, much of it at main board level. For eight years he was chief financial officer at Reuters, which he left in 2008 following the merger with The Thomson Corporation. Prior to that, David was finance director of Emap at a time when the business expanded its base and geographical reach to be operational in 11 different countries. In the five years before, David worked at Saatchi & Saatchi and was responsible for building the group's consulting division, working predominantly in the US. 

David Marshall, Non-executive Chairman of Creston plc, said "I am delighted to welcome David to the Board of Creston and very much look forward to working closely with him in the months ahead as we transition the Chairmanship of the Group. He has high-level media experience that will be invaluable for Creston's next stage of development."

Malcolm Wall, Senior Non-Executive Director of Creston plc said "David Marshall has had a long and distinguished role as Chairman of Creston plc. He has guided the company extremely well since 2001 when it became an Insight and Communications company."

David Grigson said "Creston is a company with a strong Board, a blue-chip client list and exciting prospects and I am delighted to be joining the Board at this time. I look forward to working with Don Elgie and the rest of the Board as Creston embarks on the next stage of its growth and development."

Directorships held during the past five years:

There are no further disclosures to be made under Listing Rule 9.6.13.

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About Creston plc

Creston is an insight and communications group for the 21st century. The Board's aim is to identify synergistic benefits between its marketing services companies offering premium services such as market research, direct and interactive marketing, advertising, public relations, consumer insight; and to build a Group that offers effective and accountable marketing solutions across both on-line and off-line channels.

Creston's companies boast a range of blue-chip clients including Nissan, Morrisons, Lloyds Banking Group, Unilever, GlaxoSmithKline, Vodafone, Danone, E.ON, Diageo, Aviva, Sainsbury's, Canon, Land Rover Jaguar, Tesco, British Telecom, Pfizer and Central Office of Information (the UK Government's centre of excellence for marketing and communications).

Creston's share price is quoted in the Financial Times, The Daily Telegraph, The Times and the London Evening Standard.