Hornby Regulatory News (HRN)

23 Nov 2007 07:00

Hornby PLC23 November 2007 HORNBY STRENGTHENS BOARD OF DIRECTORS Hornby Plc ("Hornby"), the international hobby products group, has todayannounced the appointments of Andrew Morris, age 45, as Group Finance Directorand Nigel Carrington and Mark Rolfe as additional non-executives to its Board.John Stansfield will relinquish his role as Finance Director of Hornby Plc, butwill continue in his capacity as Group Company Secretary and will continue asFinance Director of Hornby Hobbies Limited, the main operating subsidiary of theGroup. Andrew Morris, a qualified accountant, was Finance Director of SpeedoInternational, the branded swimwear wholesale and retailing group, between 2000and 2006. Speedo International, a part of the Pentland Group, has an extensiveglobal presence with distribution in over 170 countries, managed through anetwork of subsidiaries, 3rd party distributors and 3rd party licensees. Duringhis time at Speedo Andrew served as interim CEO on two separate occasions. Priorto that Andrew spent 16 years with Glaxo Smithkline plc , latterly as Financeand Logistics Director, Africa. Andrew will join the Board as Group FinanceDirector on 26 November 2007. Nigel Carrington, until recently Managing Director and Deputy Chairman ofMcLaren Group, will join the Board as a non-executive Director on 1 December2007. Nigel is a corporate lawyer and, prior to joining McLaren, was ManagingPartner of Baker & McKenzie, London and Chairman of the Firm's European/MiddleEast Regional Council. Nigel is a non-executive director of University CollegeLondon Hospitals NHS Foundation Trust and Chairman of its Investment Committee. Mark Rolfe, a qualified accountant, was Finance Director of Gallaher Group Plcfor 7 years until April 2007, when the group was acquired for £9.8 billion byJapan Tobacco Inc. Mark is leaving Gallaher on 31 December 2007 after 21 yearsin various finance and executive roles, and will join the Board as anon-executive Director with effect from 1 January 2008. Neil Johnson, Chairman of Hornby, said, " Hornby has grown dramatically over the past few years and is now a morecomplex and demanding international business. The appointments announced todayplace the Group in a much stronger position to continue to take full advantageof the opportunities that we envisage over the coming years." Other than as stated above there are no further details to disclose under Rule9.6.13 of the Listing Rules. -ends- Date: 23 November 2007For further information contact: Hornby Plc cityPROFILEFrank Martin, Chief Executive Simon Courtenay01843-233500 William Attwell 020-7448-3244Web: www.hornby.com or: www.scalextric.com or www.airfix.com This information is provided by RNS The company news service from the London Stock Exchange