Hornby Regulatory News (HRN)

HORNBY APPOINTS NEW FINANCE DIRECTOR

The Board of Directors of Hornby PLC is pleased to announce that Nick Stone will join the company on 14 January 2013 as its new Finance Director (Designate).

Nick (49) was previously the Operations and Finance Director at quoted international software and consultancy group KBC Advanced Technologies PLC. He worked at KBC for eleven years, having joined in 2001 as Finance Director.

Earlier in his career, Nick was interim Finance Director at Accidentcare Group PLC, Finance Director at Lambert Fenchurch Limited and held positions at Mobil Oil Corporation. He has a degree in Mathematics and Economics from Bristol University and is a member of the Institute of Chartered Accountants in England and Wales.

Andrew Morris, the current Finance Director, will leave Hornby during the first quarter of 2013 following an agreed handover period. Andrew joined the Board of Hornby in 2007 and is leaving to take up a position as Chief Executive of a privately owned pharmaceutical business, where he has been a Non-Executive Director since 1998. 

Commenting on Nick Stone's appointment, Frank Martin, Hornby Chief Executive, said:

" The Board is delighted that Nick has agreed to join Hornby. We are pleased to have secured someone of his calibre and extensive PLC experience. He brings with him a thorough understanding of working at a strategic level within a number of quoted PLCs, particularly those with international operations. I am confident, as we move forward and the management team focuses on improving Hornby's financial performance, that Nick has the skills and the fresh perspective to add significant value. We look forward to welcoming him to the company.

" I wish to take the opportunity on behalf of the Board and my colleagues to thank Andrew Morris once again for the hard work and contribution that he has made to Hornby. We wish him all the best for the future."

No further information is required to be disclosed pursuant to paragraph 9.6.13 of the Listing Rules of the UK Listing Authority.

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Date: 4th January 2013

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