Last checked at 10 Oct 2011 07:00
10 October 2011
Michael Page International plc
Directorate Change
Michael Page International plc ("Michael Page"), the specialist recruitment consultancy, announces that Sir Adrian Montague will retire as Chairman of the Board on 31 December 2011 following the completion of a planned succession process, and Robin Buchanan, who joined the Board as an independent Non-Executive Director in August, will succeed him as Chairman.
Sir Adrian joined the Board of Michael Page in February 2001 as a Non-Executive Director and was appointed Chairman in May 2002. Sir Adrian remains Chairman of the private equity firm 3i, Anglian Water Group Limited, Hurricane Exploration plc, an oil and gas exploration company and of CellMark AB, the international forest products marketing group based in Gothenburg. He is also Chairman of the Advisory Board of the Green Investment Bank.
Robin Buchanan is a Senior Adviser to Bain & Company Inc ("Bain"), having been the Managing Partner and then the Senior Partner of Bain in the UK between 1990 and 2007. He is also a Non-Executive Director of Schroders plc, the global asset management company and LyondellBasell NV, the NYSE global petro-chemicals company. He is a member of the Trilateral Commission and of the International Advisory Council of Recipco. He is also an advisor to Coller Capital Ltd.
He served previously as Dean and then President of the London Business School, as non-executive director of Liberty International plc and also of Shire plc.
Steve Ingham, Chief Executive Officer said:
"Sir Adrian's ten year Chairmanship has overseen the development of the Group into a global business, now operating in thirty two countries. I would like to thank Sir Adrian for his advice, guidance and support as Chairman and I know he will be missed by his colleagues in the Group.
"We are delighted that Robin has agreed to Chair the Board. He has broad-ranging and extensive international experience and his entrepreneurial, team-orientated approach fits well with the Michael Page culture."
Robin Buchanan said:
"Michael Page has many great strengths, including a highly respected global brand, impressive competitive positioning in the world's growth markets, a strong balance sheet and a 'make it happen' culture. It is a privilege to be asked to serve as Chairman of Michael Page and to work with the Board and management team who have helped make the company so successful."
There are no disclosures to be made under Listing Rule 9.6.13 in respect of either Sir Adrian Montague or Robin Buchanan.
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