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25 Mar 2011 07:00
AIM: KLN
25 March 2011
The Kellan Group PLC
("Kellan" or the "Group")
Directorate Change and Appointment of New Senior Finance Executive
The board of directors of Kellan ("Board") announces that the Group's CFO, John Melbourne, has decided to step down from the Board and will leave the business to pursue other opportunities with effect from the end of April 2011.
The Board is also pleased to announce the appointment of Rakesh Kirpalani as Financial Director of all operating subsidiaries of the Group. Rakesh is an experienced finance professional who has held a number of senior financial roles within the recruitment sector latterly at Adecco and MPS Inc, where he worked closely with the management teams of various brands within the organisations to help grow the businesses and improve profitability.
Rakesh will join the Group on 28 March 2011 which will allow him to spend a month working closely with John Melbourne during a transitional period. Rakesh and John spent over 3 years working together at MPS Inc.
Ross Eades, CEO of Kellan, commented:
"Since John joined us, the Group has achieved break-even at the EBITA level, restructured its banking arrangements, raised new funds to provide working capital and fund organic growth and refocused its shared services team. We thank John for his contribution and for helping us to identify a successor.
"Rakesh has solid experience of professional recruitment markets and I looking forward to him starting and working closely with the operational team."
ENQUIRIES:
The Kellan Group PLC | |
Ross Eades, Chief Executive Officer | Tel: 020 7268 6200 |
Merchant Securities Limited | |
Bidhi Bhoma / Virginia Bull | Tel: 020 7628 2200 |
NOTES:
Kellan is a market leading recruitment business operating across a wide range of functional disciplines and industry sectors.
Kellan operates through a portfolio of premium brands within the currently fragmented recruitment sector. Currently, through its three recruitment brands, Berkeley Scott, Quantica and RK, Kellan has the capability and resource to recruit professionals into finance & accounting, information technology, supply chain & procurement, legal, retail, manufacturing, catering, hospitality and leisure. Kellan currently operates through 16 UK offices, seven businesses and three brands.
http://www.kellangroup.co.uk/
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