Last checked at 17 Jul 2007 07:01
Date: 17 July 2007
On behalf of: TMN Group plc ("TMN" or "the Company")
Embargoed until: 0701hrsTMN GroupplcBoard Change
* Craig Dixon appointed as Chief Financial Officer
TMN Group plc (AIM: TMN), the UK's premier online direct marketing group, today announces the appointment of Craig Dixon as Chief Financial Officer and to the Board with immediate effect. Peter Coveney, the Group's long-serving Finance Director, retires as a director and will leave the Group in August 2007.
Craig Stephen Dixon (44) joined TMN in early June in order to effect a smooth handover. He qualified as a Chartered Accountant with Price Waterhouse Coopers following which he has 20 years of financial management experience, predominantly within the media and entertainment sectors. Craig spent ten years with the Virgin Group in both corporate finance and Finance Director roles.
Commenting, Mark Smith, CEO said:
"Peter has been a highly valued member of the team at TMN for seven years and the Board extends its warmest thanks and wishes him all the very best in the future.
"We are delighted to welcome Craig to the Group and to the Board. TMN is at an exciting stage in its development and Craig's undoubted experience will be of great benefit as the Group continues to grow."
Craig Dixon has previously held the following directorships during the last five years:
V2 Music Publishing (Holdings) Ltd JBO Ltd V2 TV Ltd V2 Records International Ltd V2 Music Publishing Ltd V2 Matrix Ltd V2 Music Ltd V2 Music Group Ltd The Hospital Group Ltd StrongSongs Ltd Mediamix Ltd The Telstar Music Group Ltd Poptones Telstar 1 Ltd Poptones Telstar 2 Ltd
Telstar Music Holdings Ltd (in liquidation)
Telstar Records Ltd (in liquidation)
Telstar Video Entertainment Ltd (in liquidation)
On 5 April 2004 Telstar Records Ltd and Telstar Music Holdings Ltd, of which Craig Dixon was a director, were placed into administration to protect the interests of all creditors. This was due to the failure of the companies to achieve suitable refinancing and as a direct result of the difficult trading conditions facing the global music industry at that time. Telstar Records and Telstar Music Holdings were subsequently placed into creditors' voluntary liquidation on 16 and 17 August 2004 respectively. Telstar Video Entertainment was placed into creditors' voluntary liquidation on 23 April 2004. The administration did not affect other parts of The Telstar Music Group Ltd.
No further disclosures are required under Schedule 2 paragraph (g) of the AIMRules.- ends -Enquiries to:TMN Mark Smith, CEO 020 7440 9310 Craig Dixon, CFO Redleaf Communications
Samantha Robbins / Duncan McCormick 020 7822 0200
Notes to Editors:
* TMN Group plc ("TMN") was established in 1999. * The Company comprises of three core divisions: * TMN Media: email marketing specialist, with over 10 million highly profiled, permission-based email addresses across numerous lists, manages the most comprehensive portfolio of email databases in the UK. Also operator of the largest online reward scheme in the UK. Clients include Sky, T-Mobile, British Gas, EMAP, Volvo and Boots. * EDR: online interactive advertising agency, plans campaigns across dozens of third party lists, including those operated by TMN Media, and is the largest buyer of email advertising in the UK. Clients span a number of sectors, including finance, motoring, publishing and shopping. * The iD Factor: specialists in online market research, with 250,000 panel members in the UK and over 4 million members across 41 territories, managed via a network of local partnerships, allowing targeted domestic and international research. Clients include numerous MR Agencies, producing work for Microsoft, Lloyds TSB, NSPCC, Persil, Carlsberg and PC World. * TMN is committed to the development of new initiatives to drive the growth of its business. * TMN Enterprise has been created to manage all new developments for the Group including the launches of Plum-Offers, a lead generation and competition portal, and Pure Lead, a service to companies building databases to generate leads online. * ICD Research has been established as an autonomous division providing clients with insight and analysis of market research data. * Operating in rapidly growing market * Over ‚£2billion spent on internet advertising in 2006 , a 41.2% increase on a like-for-like basis compared with 2005 (Source: IAB) * Online advertising now represents over 12% of the total advertising market - and is the fastest-growing segment of the market (Source: IAB) * Online Retail spend predicted to reach ‚£40 billion by 2010 (Source: Forrester Research) * Focus on dominating UK market in key areas of online advertising and market research * Members of the Direct Marketing Association (DMA) and Internet Advertising Bureau (IAB)
TMN GROUP PLC