24 Feb 2012 07:00
DCD Media plc
("DCD Media" or the "Group")
CEO and other Board Changes
DCD Media plc, the independent TV production and distribution group, is delighted to announce the appointment of Sammy Nourmand as CEO and the elevation of David Green to Executive Chairman. John Cusins becomes Non-Executive Director and Tarik Wildman remains Non-Executive Director of the company. All are existing directors of DCD Media and all changes are with immediate effect.
Sammy Nourmand has been a Director of DCD Media since November 2011.He has been CEO of the Group's UK and US TV producer September Films from 2005, having previously served as Finance Director. Sammy was instrumental in the sale of the September Films to DCD Media in August 2007 and under his stewardship September Films has enjoyed its longest period of growth and stability. He also took the role of acting COO of DCD Media between 2009 and 2010.
David Green, who has been CEO of DCD Media since 2009, will continue to merge his corporate role with special responsibility for leading DCD Media's expansion into the substantial American TV production market.
Sammy Nourmand, said: "David has been a colleague and a mentor to me for several years and I am delighted to have the opportunity to build on the foundations he has put in place at DCD".
David Green, commented: "Sammy has been a dynamic force for change within DCD where his wide-ranging expertise and in-depth knowledge of the television industry mark him as the perfect person to take the Company to the next level, and enable me to concentrate on driving DCD's US business, keeping it at the forefront of the Group's growth".
John Cusins, added: "The change in the composition of the Board is entirely consistent with the recent developments and plans for the Group. I strongly believe that in these roles David and Sammy will continue to deliver shareholder value from the Group's businesses on both sides of the Atlantic".
There is no further disclosure required under the AIM Rules.
For further information please contact:
David Green, Chief Executive
DCD Media plc
Tel. 020 8563 6976
Jeremy Ellis
Evolution Securities
Tel. 020 7071 4300