Last checked at 10 Jul 2008 07:00
Empresaria Group plc
AGM Statement
At today's Annual General Meeting of Empresaria Group plc ("Empresaria" or "the Group"), the international specialist staffing group, the Board will make the following statement:
Through sector and geographic diversification, the Group has continued to make excellent progress in the development of a broadly based international specialist staffing company. On a current run rate approximately 60% of net fee income is derived from markets outside the UK and around 70% of net fee income is derived from the more stable temporary staffing operations. The Group's first five months trading in 2008 are in line with the Board's expectations and, subject to no significant deterioration in market conditions, its expectations for the full year remain unchanged. As in previous years, the Group is expected to generate the majority of its profits in the second half of the year due to the seasonality of its businesses and in accordance with industry trends.
Group Board
Empresaria announces the appointment of Charles Kenneth Zachary Miles ("Zach Miles") as non-executive director.
Zach, aged 58, brings a wealth of experience having recently held the position of Chairman and Chief Executive Officer of Vedior N.V. ("Vedior"), one of the world's largest recruitment companies. He was a member of the Board of Management from 1999, and Chairman since February 2004. Before joining Vedior, Zach was CFO and a member of the Board of Directors of Select Appointments Plc. His career in the recruitment industry began in 1988.
Zach will join the board of directors on 1st October 2008, replacing Tim Sheffield. He will sit on the remuneration committee and chair the audit committee.
Miles Hunt, Group Chief Executive, commented: "Zach brings with him a wealth of international specialist staffing and international finance experience as well as an intuitive understanding of our management philosophy, organisational culture, strategy and structure. We look forward to him joining the board in October."
The Board would like to thank Tim Sheffield who steps down as a non-executive director at today's Annual General Meeting after 12 years with the Group.
In addition to his future directorship of the Company, Zach Miles holds or has held the following directorships:
| Current Directorships | Previous Directorships |
| Cornwall Mansions Investments Limited | UK Abraxas Plc Accountants Inc Limited Albemarle Interim Management Plc Evergreen Recruitment Limited Human Resources International Limited Kelter Recruitment Limited Legal Opportunities Limited MVM Recruitment Limited New Boston Select UK Limited Parkhouse Personnel Limited Probanking Recruitment Consultants (now Invenio Executive Search & Selection) Recruitment Finance Limited Select Appointments (Holdings) Ltd Select Appointments International Ltd Select Appointments Plc Select Disposals Limited Select 1 Limited Select Education Plc Select Care Personnel Limited Skillco Limited Teleresources Consultancy Limited The Blomfield Group Limited Training for Construction Limited Hill McGlynn Trades Limited Vedior UK Limited Vedior Holding UK Select Appointments Limited (Ireland) Argentina Sesa International SA Sesa Select Uruguay International Career Programme SA Trading SA Australia Link Recruitment Pty Limited Select Appointments Holdings Pty Ltd Select Australasia (Holdings) Pty Ltd Select Education Australasia Pty Ltd Select Healthcare Holdings Pty Ltd Select IT Holdings Pty Ltd Canada ATS Reliance Inc 1109288 Ontario Limited Telereliance Inc France Selpro Travail Temporaire S.A. Hong Kong Accountancy Personnel Limited Hughes Castell (Hong Kong) Limited Greece Select Interservices SA Italy Select Italia srl Japan Digital Info. Produce Co. Ltd Supernurse Co Ltd Vedior Contec Inc Vedior Career Inc Niscom Services Inc Luxembourg Rowlands Temporaire/RTT Lux The Netherlands Tiberia BV Vedior Holding Nederland BV Vedior Management BV Vedior Asia BV Vedior N.V. New Zealand Select NZ Limited Singapore Select Business Services (Pte) Ltd South Africa Only the Best Pty Limited Telebest Holdings (Pty) Limited Teleresources Pty Limited USA New Boston Select Group Inc Vedior Holding US Inc. Vedior North America LLC Accountants Inc Services Acsys Inc. |
There are no matters to disclose under Schedule 2, paragraph (g) of the AIM Rules in relation to the appointment of Zach Miles.
For further enquiries please contact:
| Empresaria Group plc Stuart Kilpatrick, Finance Director Madeleine Pallas, Head of Group Communications | 01293 649 900 |
| First City Financial Public Relations Allan Piper | 020 7424 2666 |
| Kaupthing Singer & Friedlander Capital Markets Ltd Nicholas How | 020 3205 5000 |
Notes for editors:
Empresaria Group plc is an international specialist staffing group built on a philosophy of management equity.
Empresaria was formed in 1996 by Miles Hunt. Its business model allows founder managers and key staff within Empresaria's subsidiaries to acquire or retain a meaningful stake in the businesses they run or work in.
Group strategy is to develop an international specialist staffing group balanced across sectors, geographies and operations. It currently operates in 18 countries with 151 branches.