Nichols plc Regulatory News (NICL)

Nichols plc

Directorate Change

After 10 successful years with Nichols plc, Brendan Hynes, Chief Executive Officer, has informed the Board of his intention to step down in order to pursue a non-executive portfolio career. He will continue in his role full time until the AGM on 1 May 2013 and will be available to help and support the business with the handover until the end of 2013.

Marnie Millard will be appointed Chief Executive Officer with effect from 1 May 2013. Marnie is currently Managing Director of our Vimto Soft Drinks UK business and has more than 17 years experience in the soft drinks industry. Previously, she has held senior roles at Gerber Juice Company Ltd, Refresco Ltd and Macaw Soft Drinks Ltd.

Comments on the Directorate change

John Nichols, Non-Executive Chairman said: "Brendan has been instrumental in the transformation of the Nichols Group into an international, highly successful, branded soft drinks business. I would like to thank him for his outstanding contribution to the development and growth of our business during the last 10 years and wish him every success as he moves into a new phase in his career.

I am delighted that Marnie Millard, who is a valued and highly respected member of our executive team, will succeed Brendan. Marnie's deep understanding of the soft drinks industry, combined with her leadership skills, energy and enthusiasm means that she is well positioned to drive our continued success, while ensuring a seamless transition."

Brendan Hynes, Group Chief Executive said: "After ten happy years with the Nichols group, I have taken the difficult decision to leave a highly successful business and move onto the next stage of my career. The business has changed beyond all recognition over the last ten years and it has been a real pleasure to have worked with a great team and great brands and to have played a key part in building the strong, globally successful business that we are today."

AIM Rules disclosures

Marnie-Jane Millard (previously known as Marnie-Jane Mumby and nee Tabbitt), aged 48, holds no shares in the Company. Other than as set out below there is no further information to be disclosed under schedule 2(g) and Rule 17 of the AIM Rules in respect of Mrs Millard's appointment as a Director of the Company.

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