MMC.L Regulatory News (MMC)

20 Feb 2008 07:00

Management Consulting Group PLC20 February 2008 Management Consulting Group PLC Directorate Changes Management Consulting Group PLC ("the Group" ) announces that Dr Rolf Stombergand Mr Kevin Parry have resigned as Chairman and Group Chief Executiverespectively, with immediate effect. Alan Barber, currently a non-executive director and chairman of the auditcommittee, has been appointed Executive Chairman with immediate effect. The Board also announces that Mr Craig Smith has tendered his resignation asGroup Finance Director. He will remain on the Board and continue to dischargehis duties as Group Finance Director until 19 August 2008 or earlier if agreed. Going forward, the Board will appoint a new Chief Executive and will, inconjunction with the executive management, review the Group strategy and theongoing Board composition. The General Meeting convened for Monday 25 February 2008 will take place but, inthe light of the resignation of Mr Parry, will have no substantive business toconsider. The Board would like to thank Dr Stomberg and Mr Parry for their considerablecommitment to the Group. They leave a Group which has a strong platform forcontinued organic growth, and revenue and cost synergies. Enquiries: Management Consulting Group PLC Tel: +44 20 7710 5000 Alan Barber, Executive ChairmanCharles Ansley, Company Secretary Maitland Tel: +44 20 7379 5151 Suzanne BartchPeter Ogden Notes to Editors Alan Barber, aged 60, joined the board in April 2005. He is a non-executivedirector of Invesco English & International Investment Trust PLC, JP MorganFleming Japanese Investment Trust PLC, Witan Pacific Investment Trust Plc andWestern & Oriental Plc as well as two three other private companies. He is aformer non-executive director of Lastminute.com PLC and Teather and GreenwoodHoldings PLC and was a partner in KPMG's London office up to 2004. This information is provided by RNS The company news service from the London Stock Exchange