Hargreaves Serv Regulatory News (HSP)

19 Dec 2007 07:01

Hargreaves Services PLC19 December 2007 For Immediate Release 19 December 2007 Hargreaves Services plc (the "Group" or "Hargreaves") Board Change The Board of Hargreaves Services plc today announces the planned retirement ofPeter Dillon, Finance Director, who will step down from the Board of Hargreaveson 31 December 2007. The Board also announces the appointment of Iain DuncanCockburn, as Finance Director of Hargreaves with effect from 1 January 2008. Tim Ross, Chairman, said: "Peter played a key role in the flotation and subsequent development of theGroup since his arrival in 2003 and has been central to the flotation andsubsequent growth of the business. His retirement was signalled in the 2007Annual Report and we wish him well for the future. "The Board is delighted to announce the appointment of Iain Cockburn as our newFinance Director. He has substantial financial and commercial experience acrossa broad range of different business sectors and geographies and we are confidenthe will make a significant contribution to the management and growth of theGroup.' Iain Cockburn (aged 42) is a Chartered Accountant. After five years with PriceWaterhouse in the UK and Luxembourg he held a number of finance roles, in boththe UK and USA, within Courtaulds PLC and GenRad Inc groups. Prior to joiningHargreaves he was Finance Director and subsequently CEO and Finance Director ofKnowledge Support Systems PLC ("KSS"). In October 2006, in addition to hisexecutive role at KSS, he joined the board of Tadpole Technology PLC as anon-executive, to assist with its strategic review. He has resigned all of hisappointments to join Hargreaves. There are no further matters in connection with the appointment of Iain Cockburnto be disclosed under Schedule Two paragraph (g) of the AIM Rules. Ends Enquiries Hargreaves Services:Gordon Banham, CEO 0191 373 4485 Buchanans Communications:Tim Anderson, Diane Stewart 0207 466 5000 Brewin Dolphin:Andrew Kitchingman, Sean Wyndham-Quin 0113 244 0130 This information is provided by RNS The company news service from the London Stock Exchange