1 Dec 2008 15:23
1 December 2008
LONRHO PLC
("Lonrho" or the "Company")
Appointment of New Finance Director
Lonrho Plc (AIM: LONR), the conglomerate with a structured portfolio of African investments is pleased to announce the appointment of David James Armstrong as Finance Director of Lonrho with immediate effect.
Mr Armstrong (FCA), age 43, brings with him extensive experience of operating across Africa having been, until October 2004, the Commercial Director of Diageo Africa with combined functional responsibility for finance, information systems, strategy and business development. Mr Armstrong contributed to the successful deployment of Diageo's pan-African growth strategy, encompassing over 50 countries. More recently, Mr. Armstrong has been the COO of McArtherGlen in the UK and Europe with retail sales of Euros 1.3billion.
With Mr Armstrong's appointment as Finance Director of Lonrho today, Ms Jean Ellis has stood down as the Company's Finance Director and today assumes the role as a non-executive director of the Company.
David Lenigas, Lonrho's Executive Chairman commented:
"We are delighted to welcome David Armstrong as Finance Director of Lonrho. Mr. Armstrong brings to our Board a wealth of experience in the financial and business worlds with particular emphasis on Africa. I look forward to working closely with Mr. Armstrong as we continue to grow our business and we believe that his contribution and expertise will be of considerable value as Lonrho's presence increases throughout the African continent.
"I would also like to thank Jean Ellis for all of her hard work in the past and I am delighted that Lonrho will still benefit from her continued support and advice in her new role as a non-executive director of the Lonrho Board."
Enquiries
| Lonrho Plc www.lonrho.com | +44 (0)20 7016 5105 |
| David Lenigas, Executive Chairman | +44 (0)7881 825 378 |
| Geoffrey White, Chief Executive Officer | +44 (0)7717 307 308 |
| Emma de Borchgrave, Executive Director | +44 (0)7867 785 177 |
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| Pelham PR |
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| Charles Vivian | +44 (0) 20 7743 6672 |
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| +44 (0) 7977 297903 |
| James MacFarlane | +44 (0) 20 7743 6375 |
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| +44 (0) 7841 672831 |
| Collins Stewart Europe Limited | |
| Hugh Field | +44 (0) 20 7523 8350 |
ADDITIONAL DISCLOSURE:
Mr Armstrong holds or has held the following directorships, and is or was a member of the following partnerships during the past five years:
| Current directorships/partnerships | Past directorships/partnerships |
| Amoria Limited | Guinness Nigeria plc |
| Amoria Brands Limited | Guinness Ghana Limited |
| Ministry of Ideas Limited | Seychelles Breweries Ltd |
| Spritz UK Limited | CMMUDV SA |
| Namibian breweries Plc | |
| McArthurGlen (UK) Ltd | |
| Spritz Limited |
There are no further disclosures required under paragraph (g), Schedule Two of the AIM Rules for Companies in respect of Mr Armstrong.
NOTES TO EDITORS
About LONRHO:
Lonrho Plc is an expanding conglomerate that is rapidly growing a successful business throughout Africa. The Company's shares are traded on the London AIM stock exchange (LONR). Lonrho is strategically focused on the development of business opportunities in infrastructure, transportation, support services, hotels and natural resources. The Company has over 19,000 shareholders and substantial institutional backing to support its mandate to build a profitable business that plays a fundamental role in the development of the African economy.