Genus Regulatory News (GNS)

13 Mar 2007 07:02

Genus PLC13 March 2007 FOR IMMEDIATE RELEASE 13 March 2007 Genus plc ("Genus" or "the Company") Board Change Genus, the world's leading animal genetics company, announces that Martin Bodenwill be joining the Board as Finance Director with effect from 2nd April 2007. David Timmins, the current Finance Director, will be leaving the Company after ashort transitional period to pursue other opportunities. Mr Timmins, who joinedthe Board in March 2004, has played an important role in the development of theCompany, in particular the reverse takeover and the integration to date of SygenInternational plc ("Sygen"). He has also led the process of adoptingInternational Financial Reporting Standards in the Interim Results for the sixmonths ended 31st December 2006, one year in advance of the requirement for AIMlisted companies, in preparation for the move to the Main Market later thisyear. Mr Timmins has reached the decision that it is time for him to move ontonew challenges. The Board would like to thank Mr Timmins for his contribution to the success ofthe Company. Mr Boden, aged 48, is a Chartered Accountant with considerable experience oflarge and diverse FTSE100 companies, most recently being Group FinancialController of GUS plc, a FTSE100 retail and business services company. The Boardbelieves Mr Boden's abilities and experience will greatly benefit the Companyparticularly given the Company's forthcoming move to the Official List. Genus plc is also pleased to announce that Richard Wood, Chief Executive, is to continue with the Company until 31st March 2009 to lead the Company through its next stage of development, to include its intended move to the Official List and the delivery of the remaining synergies to be achieved from the Sygen acquisition. For further information, please contact: Genus PlcJohn Hawkins, Chairman Tel: 01189 450128Richard Wood, Chief Executive Tel: 01256 345971 Buchanan CommunicationsCharles Ryland/Suzanne Brocks Tel: 020 7466 5000 The following is disclosed in respect of Mr Boden in accordance with Schedule 2paragraph (g) of the AIM Rules: Current Directorships Directorships in the last 5 years Brigstock Finance Limited Argos Holdings Limited Experian (UK) Holdings Limited Stanhope Finance Limited There are no other matters requiring disclosure under Schedule 2 paragraph (g)of the AIM rules. This information is provided by RNS The company news service from the London Stock Exchange