LBE.L Regulatory News (LBE)

26 Apr 2007 15:04

Liberty PLC26 April 2007 FOR IMMEDIATE RELEASE 26th April 2007 LIBERTY PLC: LIBERTY PARTS COMPANY WITH CHIEF EXECUTIVE Liberty Plc ("Liberty"), the iconic West End emporium, today announces that IainRenwick, Chief Executive, has left the Company with immediate effect. A newChief Executive has been identified and negotiations are at an advanced stage.Liberty will be making a further announcement shortly. Iain Renwick has been running the retail group for the past four and half yearsand has overseen Liberty's transformation from heavy losses into near break-evenand made the store, once more, a retail destination centre noted for its cuttingedge design. During his stewardship the Company successfully launched itsLiberty of London luxury brand. Richard Balfour-Lynn, Executive Chairman of Liberty, said: "Iain has made amajor contribution to the current success of Liberty's retail business and hascreated a fantastic team of senior executives. In future, the Company's focuswill be on the expansion of its Liberty of London luxury brand which requires adifferent approach and style of leadership." Ends. Contact: Richard Balfour-Lynn, Chairman, Liberty. Tel: 020 7706 2121Baron Phillips, Baron Phillips Associates. Tel: 020 7920 3161 This information is provided by RNS The company news service from the London Stock Exchange