LVD.L Regulatory News (LVD)

4 Jul 2005 07:00

Lavendon Group PLC04 July 2005 4 July 2005 LAVENDON GROUP PLC BOARD CHANGES Following the appointment of John Standen to the Board in May of this year, theCompany is pleased to announce that Timothy Ross has been appointed as anon-executive director of the Company with effect from 1 October 2005. Timothy,aged 56 and a qualified solicitor, is currently Chairman of Connaught Plc andSenior Non-Executive Director of Ennstone Plc. He spent most of his career withGeorge Wimpey Plc, where he retired as Chief Executive of the Minerals Group anda main board director in 1996, after 26 years with the Group. Further to the appointment of two new non-executive directors, the Board todayalso announces that its Chairman, David Price, has expressed a wish to retireupon reaching his 60th birthday later this year. Accordingly, the Company hasagreed with David that he will retire from the Board and the Company on 24September 2005. David has been fundamental in the Company's development since hefounded the business in 1992, leading the Company though its flotation in 1996,and has contributed significantly to the growth of the European powered accessmarket over the last 13 years. To enable the Company to continue to benefit fromhis experience, David has agreed to make himself available to the Board forconsultation for a period of 12 months following his retirement. John Gordon,currently the Company's senior non-executive director, will become Chairman ofthe Company following David's retirement. Commenting on the appointment of Mr Ross, Lavendon's Chairman, David Price, said"Tim's in-depth knowledge of the construction industry and his wide-rangingexperience will be a tremendous asset to the future development of the Company". There are no further details to be disclosed in respect of Timothy Ross pursuantto paragraphs LR-9.6.13R of the Listing Rules. - ends - For further information:- Lavendon Group plc Tel: 01455 206750David Price, ChairmanKevin Appleton, Chief ExecutiveAlan Merrell, Group Finance Director Weber Shandwick Square Mile Tel: 020 7067 0700Terry Garrett/ Nick Dibden / Yvonne Alexander This information is provided by RNS The company news service from the London Stock Exchange