Last checked at 14 Jun 2010 07:00
For Immediate Release 14 June 2010
GARNER PLC
JOINT VENTURE WITH RUSSAM GMS
Norman Broadbent and Russam GMS form Board Interim Management JV
Garner PLC ("Garner" and or the "Company"), a leading provider of executive search, and leadership consultancy services via its wholly owned subsidiary trading as Norman Broadbent, is pleased to announce a joint venture with Russam GMS forming NB: Board Interim.
NB: Board Interim will draw on the expertise of both companies, Norman Broadbent's experience with PLC and operating board level appointments and Russam GMS's Interim Management skills to create a unique approach in the provision of Interim board executives. The joint venture will initially focus on capitalising on Norman Broadbent's experience through their Executive Search business in the financial services, public sector and healthcare, engineering, manufacturing and construction, technology and telecoms, and media sectors.
Terms of the Agreement
Norman Broadbent and Russam GMS will be equal partners in the joint venture which will operate through the newly formed company NB: Board Interim Limited. Jason Atkinson (Russam GMS) and Sue O'Brien will be joint Managing Directors of the entity and Charles Russam (Russam GMS) along with Andrew Garner and Ben Felton of Norman Broadbent will comprise the board.
NB: Board Interim will commence trading on 1 July 2010.
Andrew Garner, Chairman of Garner, commented:
"Today's economy is a perfect launch pad for the consulting input of Board interims which are capable of having an immediate impact on a company in transition. As boards continue to battle the knock-on effects of this very deep recession they frequently require a short-term injection of strategic advice from greatly experienced board directors who have helped companies through previous times of economic hardship. Russam GMS represents an ideal joint venture partner for us in this exciting market space combining our client relationships with top level executives over many years with the longest established interim provider in the UK. With the necessary infrastructure, we will be able to start work immediately to maximise the opportunities in this niche market place."
Jason Atkinson, Russam GMS's Private Sector Managing Director, who will head up the Russam GMS Joint Venture team, said:
"We are delighted to be part of this exciting and unique initiative. Norman Broadbent's fabulous history and its renaissance under Andrew Garner and Sue O'Brien is something that we are very proud upon which to build a joint venture. Our team will use every bit of our thirty years experience in the Interim Management business to ensure that NB: Board Interim is the provider of choice of Norman Broadbent's client base."
| For Garner plc | Tel: 020 7629 8822 |
| Andrew Garner/Sue O'Brien/Ben Felton |
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| Merchant John East Securities Limited | Tel: 020 7628 2200 |
| John East/Simon Clements |
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| Buchanan Communications Limited | Tel: 020 7466 5000 |
| Tim Anderson/Isabel Podda/Christian Goodbody |
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| For Russam GMS | Tel: 0845 658 1717 |
| Charles Russam/Jason Atkinson |
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