Driver Grp Regulatory News (DRV)

16 Jul 2007 07:00

Driver Group plc16 July 2007 DRV.L Driver Group plc ("Driver" or "the Group") Appointment of New Group Finance Director Driver is delighted to announce that Colin White has been appointed to the Boardas Group Finance Director with effect from 1 October 2007. He takes over theposition from Peter Cove, who steps down from the Board but remains with theGroup as finance director of the Group's principal trading subsidiary, DriverConsult. Colin, aged 45, is a chartered accountant with over 20 years' experience infinancial roles. Colin was previously Group Finance Director of Scapa Group plc,the AIM quoted global supplier of technical tapes and cable compounds, which hejoined in 2001, working there until November 2006. At Scapa Group, Colin jointlydeveloped and implemented a new strategy and business model which underpinnedthe turnaround of the business. Between 1991 and 2001, Colin held a number ofsenior financial and management roles at subsidiaries of TI Group plc, thespecialised engineering group which was acquired by Smiths Industries plc in2000. Latterly at TI Group, he was Finance Director of Dowty Aerospace Division,having been Finance Controller of Dowty North America and Finance and ITDirector of Dowty Hydraulics Ltd. Colin qualified as a chartered accountant with Grant Thornton. Commenting on the appointment, Steve Driver, Chief Executive, said, "We are delighted to announce Colin's appointment as Group Finance Director.Colin brings with him a wealth of financial experience and I am confident thathe will make a valuable contribution to the Group as we continue with ourambitious growth plans. I would also like to thank Peter for his hard work and contribution during histime as Group Finance Director, especially during our float in 2005. I amdelighted that Peter will be remaining with us as finance director of DriverConsult, our principal subsidiary." The following information falls to be disclosed under rule 17 and paragraph (g)of Schedule Two of the AIM Rules for Companies: During the past five years, Colin Meadows White has previously been a directorof Scapa Group plc, Porritts & Spencer Limited, Lindsay and Williams Limited,Scapa Denver (North) Limited, Scapa Denver (South) Limited, Scapa Group HoldingsGmbH and Scapa Tapes Europe Limited. There is no further information to be disclosed under Schedule Two (g) of theAIM Rules for Companies. For further information, please contact: Driver Group plc Steve Driver, Chief Executive Officer 0870 873 7878 WH Ireland David Youngman 0161 832 2174(Nominated Adviser) Biddicks Katie Tzouliadis 020 7448 1000 This information is provided by RNS The company news service from the London Stock Exchange