LOG.L Regulatory News (LOG)

18 Jul 2007 07:00

18 July 2007

LogicaCMG Board and management changes

* Progress being made on identifying a successor to Martin Read * Martin Read, who gave the company notice of his retirement on 27 May, will leave the Board on 21 September * Jim McKenna, currently Chief Operating Officer, to assume the role of interim Chief Executive following Martin Read's retirement * David Tyler to join LogicaCMG Board as a Non-Executive Deputy Chairman and a member of the Nominations Committee

The Board of LogicaCMG announces today changes to the Board and management.

The Nominations Committee of the Board, supported by its external advisors, is making progress on identifying a successor to Martin Read. Our executive search firm is working on a shortlist of suitable candidates for consideration and the Board remains focused on appointing the best candidate to run the business and deliver value to shareholders. Martin Read (57), who gave the company notice of his retirement on 27 May, will leave the Board on 21 September.

To ensure that the business is effectively led while the search for a permanent successor is ongoing, Jim McKenna, currently LogicaCMG's Chief Operating Officer, will assume the role of interim Chief Executive following Martin's departure. Jim McKenna, (52) has been a member of the LogicaCMG Board since 2002, and an executive director of the Company since 1998.

The Board is also announcing the appointment of David Tyler (54) as a Non-Executive Director. He will join the Board with immediate effect and will assume the role of Deputy Chairman, jointly with existing Deputy Chairman Wim Dik. He has also been appointed to the Nominations Committee where he will be active in the selection of a new Chief Executive. David was Group Finance Director of GUS plc, the retail and business services group, from 1997 until late 2006. He left in 2006 following the demerger which created publicly-listed companies, Experian Group Limited and Home Retail Group. He is currently Chairman of 3i Quoted Private Equity and a Non-Executive Director of Reckitt Benckiser plc, Experian Group Limited and Burberry Group plc. Prior to joining GUS plc, David held senior positions with Unilever plc, County NatWest Limited and Christie's International plc.

Cor Stutterheim, Chairman, said:

"The Board, working with its advisers, is making progress in identifying a successor for the role of Chief Executive. As part of our ongoing review of the Board, we are delighted to welcome David Tyler as a Non-Executive Deputy Chairman. David brings extensive experience in managing publicly quoted UK companies which will be invaluable to us, particularly as the search for a new Chief Executive progresses. We would like to thank Martin for his important contribution to the business during his fourteen years as Chief Executive and wish him well for the future."

David Tyler, Deputy Chairman, said:

"I am very pleased to be joining the LogicaCMG Board at this key point in its development. I believe the business has great potential and I look forward to working with the team in maximising value to shareholders in the years ahead."

For further information, please contact:

LogicaCMG Media relations: Carolyn Esser/Louise Fisk +44 (0) 20 7446 1786 (mobile: +44 (0) 7841 602391)

LogicaCMG Investor relations: Karen Keyes/Frances Gibbons +44 (0) 20 7446 4341 (mobile: +44 (0) 7801 723682)

Brunswick: Tom Buchanan/Craig Breheny +44 (0) 20 7404 5959

Notes:

1. Full biographies and photos of the LogicaCMG Board of Directors are

available at www.logicacmg.com