18 May 2012 07:00
18 May 2012
Huntsworth plc ("Huntsworth")
Terence M. Graunke appointed Non-Executive Director
The Board of Huntsworth, the international public relations and healthcare communications group, is pleased to announce the appointment of Terry Graunke as a Non-Executive Director with effect from 21 May 2012.
Mr Graunke has more than 25 years of experience in marketing services including starting, building, operating, and investing in companies and has been the founder and chief executive of both publicly-traded and private companies. He is the co-founder of Lake Capital Management LLC ("Lake Capital"), a private investment management firm. Entities managed and controlled by Lake Capital and Terry Graunke own 9.82% of the voting rights in Huntsworth.
Richard Sharp, Chairman of Huntsworth, said:
"Terry is a highly respected and experienced marketing services figure. Terry's skills complement those of our existing directors and will be of significant value to our business."
Terry Graunke said:
"I have been an active investor in the marketing services sector for over 20 years and Lake Capital has been a shareholder of Huntsworth for over two years. Huntsworth is uniquely positioned for growth with their broad global offerings and experienced management team. I am delighted to be joining the board and look forward to supporting the management team."
Contacts:
Huntsworth PLC +44 (0)20 7224 8778
Peter Chadlington, Chief Executive
Sally Withey, Chief Operating Officer and Group Finance Director
Citigate Dewe Rogerson +44 (0)20 7638 9571
Simon Rigby
Angharad Couch
Additional information:
There is no further information to be disclosed in accordance with paragraph 9.6.13 of the Listing Rules of the UK Listing Authority.
Terence M Graunke
In 1998, Terry co- founded Lake Capital Management LLC ("Lake Capital"), a private investment management firm. Through its private investment funds, Lake Capital has invested in a variety of service enterprises with capital commitments in excess of US$1.7 billion. Prior to co-founding Lake Capital, Terry raised institutional capital, built and realised investments in information technology training, interactive development and marketing services. Prior to this Terry was a partner in the Hawthorne Group where he focused on both investments in and exits of a portfolio consisting primarily of media companies, both traditional and new media. Prior to his involvement with Hawthorne, Terry spent more than ten years as an operating executive in leading companies within the marketing communications industry. Terry is currently a board member of the quoted company, The Hackett Group Inc.