Nwf Regulatory News (NWF)

14 Jan 2009 07:00



NWF Group plc ("NWF" or the "Company")

Appointment of new Group Finance Director

NWF Group plc, the specialist distribution business, announces that as of the 16 March 2009, Johnathan Richard Ford, age 39, will join the Board of NWF and assume the position of Group Finance Director. Current Finance Director, Paul Grundy will remain with the business until 30 April 2009 facilitating an orderly handover.

Johnathan joins NWF from fully listed support services company Homeserve Plc, where he has been employed in the position of Divisional Finance Director of the Emergency Services Division with sales of £326 million and 3,000 employees. Johnathan joined Homeserve Plc in 2005.

From 2001-2005 he was Head of Corporate Finance at Kidde Plc. He is a qualified chartered accountant and he spent his early years at PricewaterhouseCoopers.

Paul Grundy leaves the Group after five successful years and the Board wishes him well and thanks him for his support and hard work.

Commenting on the appointment, Chief Executive, Richard Whiting said: 'I am delighted that Johnathan will be joining us in March. He has a breadth of experience and capability to support the development of NWF over the coming years.  I look forward to working closely with Johnathan and welcome him to the NWF Board.' 

As previously announced, the Group will announce interim results for the six months ended 30 November 2008 on Thursday 5 February 2009. NWF continues to trade in line with its plans and is expected to show a significant improvement in profitability on the prior year for the six months ended 30 November 2008.

AIM Rules Disclosure 

Save for the disclosures below, there is no other information that is required to be disclosed under Schedule 2 paragraph (g) of the AIM Rules in relation to the appointment of Johnathan Ford as Group Finance Director. 

Previous Directorships

Fire Training Products Limited

IFTE Limited

I.F.T.E. (US Investments Limited) 

Kidde Fire Trainers Limited

For further information please visit www.nwf.co.uk or contact: