DNK.L Regulatory News (DNK)

14 Mar 2006 18:20

Danka Business Systems PLC14 March 2006 Embargoed until 18.20 14 March 2006 Danka Announces New Chairman and Chief Executive Officer Danka Business Systems PLC (LSE: DNK; NASDAQ: DANKY) announced the appointmentof A.D. Frazier as its Chairman and Chief Executive Officer effective today. Mr.Frazier has been President and Chief Operating Officer of Caremark Rx, Inc., aFortune 500 pharmacy benefit management company; Chairman and CEO of the ChicagoStock Exchange; Chief Operating Officer of the Atlanta Committee for the 1996Olympic Games; President and CEO of INVESCO, now an affiliate of AMVESCAP, PLC,one of the world's largest financial asset managers and Executive Vice Presidentof the North American Banking Group of First Chicago Corp. Since January 2005,Mr. Frazier has been involved in Alternative Dispute Resolution, including theprivate mediation and negotiation of complex business issues. Danka's outgoing Chief Executive Officer, Todd Mavis, will be leaving thecompany after a transition period and will also resign his directorship with thecompany to pursue other interests. Danka's Chairman of the Board, W. AndrewMcKenna, has relinquished the Chairmanship of the company to Mr. Frazier andwill remain on the company's Board of Directors. "We are very pleased to bring A.D. Frazier to the company at this time," saidMcKenna. "A.D. brings a unique set of experiences to Danka, having served innumerous executive leadership positions. He is a seasoned executive with a trackrecord of success. I would also like to thank Todd Mavis for his years ofexcellent service to the company," continued McKenna. "Todd has done a good jobunder very difficult conditions. Through advancements in our Managed PrintServices Strategy he has strategically positioned the company for success and,furthermore, has driven substantial cost out of the business. Todd will assistA.D. in the transition process and we expect A.D.'s background will bringsignificant value to Danka now and in the future. I believe the company ismoving in the right direction and look forward to a bright future under our newleadership." - ends - For further information please contact: Danka Business Systems PLCCheley Howes, Danka Investor Relations 001 727 622 2760Paul Dumond, Danka London 020 7605 0154 Weber Shandwick Square MileJames Chandler/Helen Thomas 020 7067 0700 About Danka Danka delivers value to clients worldwide by using its expert technical andprofessional services to implement effective document information solutions. Asone of the largest independent providers of enterprise imaging systems andservices, the company enables choice, convenience, and continuity. Danka'svision is to empower customers to benefit fully from the convergence of imageand document technologies in a connected environment. This approach willstrengthen the company's client relationships and expand its strategic value.For more information, visit Danka at www.danka.com. Danka is a registered trademark of Danka Business Systems PLC. All othertrademarks are the property of their respective owners. This information is provided by RNS The company news service from the London Stock Exchange