1 Jul 2010 07:00
1 July 2010
Management Consulting Group PLC
Nick Stagg Takes up CEO position at MCG
Management Consulting Group PLC ("MCG" or "the Group") announces that Nick Stagg has today assumed his role as Chief Executive Officer of the Group. Before joining MCG, Nick was Chief Executive Officer of Teather & Greenwood Holdings PLC and, prior to that, managing director of WS Atkins International PLC.
Nick joined the Board of Directors on 23 October 2009 and as announced in April 2010 was appointed Chief Executive Officer of the Group, with effect from 1 July 2010. Alan Barber will continue in his capacity as Executive Chairman until the end of 2010 to see through Nick's induction and the merger of Ineum Consulting and Kurt Salmon Associates, before transitioning to the Non-executive Chairman role.
CEO Nick Stagg commented: "Since I joined MCG in October 2009 I have been highly impressed with the calibre of staff and the quality of work carried out by our consultants. With the support of the staff, underlined by their participation in the recent over-subscribed £25m fundraising, the Company is in a stronger position to take advantage of the improving economic outlook. We remain focused on an organic growth strategy whilst maintaining a tight control on costs to deliver long term growth to shareholders."
For further information please contact:
| Management Consulting Group PLC | Tel: +44 20 7710 5000 |
| Craig Smith, Finance Director |
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| Financial Dynamics | Tel: +44 20 7269 7242 |
| Ben Atwell |
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Notes to editors:
Management Consulting Group PLC (MMC.L) provides professional services across a wide range of industries and sectors.
It comprises three independently managed practices: Alexander Proudfoot; Ineum Consulting; and Kurt Salmon Associates. Alexander Proudfoot develops and implements operational improvements to its clients to increase productivity and reduce costs. Ineum Consulting provides consultancy services to a wide range of industries in both the private and public sectors. Kurt Salmon Associates provides consultancy services to the retail and consumer products sector and to the health care provider sector. The Group operates worldwide. For further information, visit www.mcgplc.com.