Feedback Regulatory News (FDBK)

26 Mar 2008 10:06

Feedback PLC26 March 2008 Feedback plc Board changes The Board announces that with the completion of the CVA process associated withdischarging the Group's historic pension fund liabilities it has taken steps tostrengthen the Group's senior management. David Sawyer, currently Chief Executive, will with immediate effect assumefull-time responsibility for the Group's principal subsidiary FeedbackInstruments Limited and accordingly will relinquish his PLC responsibilities inorder to focus exclusively on the development of this major subsidiary. In addition Jed Bushell is leaving the Board after 14 years service to theGroup, including over 3 years as Finance Director, in order to pursue otherbusiness interests. The Board wishes to express its appreciation for his roleduring a particularly difficult period of the Group's long history. The Board has appointed Peter Smith as Group Finance Director on an interimbasis and intends to make a permanent appointment in due course. In light of the importance that the Board attaches to the success of the Group'sfuture performance, Michael Burt currently non-executive Chairman, will becomeexecutive Chairman with immediate effect. The Board believes that these changes are a necessary and important step towardsre-establishing Feedback as a leading participant in its chosen markets. 26 March 2008 Enquiries: Nominated Adviser & BrokerCharles Stanley Securities 0207 149 6000Philip Davies / Carl Holmes This information is provided by RNS The company news service from the London Stock Exchange