Parity Regulatory News (PTY)

13 Jun 2007 11:00

Parity Group PLC13 June 2007 13 June 2007 Parity Group PLC Appointment of Lord Freeman as Non-Executive Chairman Parity Group PLC, the UK IT services group, is pleased to announce theappointment of Lord Roger Freeman as Non-Executive Chairman, with effect from 1July 2007. Lord Freeman, 65, has a wealth of experience both at Board level and within thegovernment and parliament. He was MP for Kettering between 1983-1997, and becamea life peer in 1997. He has held Parliamentary Secretary roles as well as beingMinister of State for both Public Transport and Defence Procurement. He servedin the Cabinet as Chancellor of the Duchy of Lancaster and as Public ServiceMinister. A qualified Chartered Accountant, Lord Freeman was a Partner and ManagingDirector at Lehman Brothers in New York, specialising in M&A, from 1969-1986. Heholds a number of Chairmanships, including currently acting as Chairman ofThales Holdings UK plc and of the Cambridge University Technology TransferOffice. As a result of the appointment, John Hughes will step down from his current roleas Executive Chairman to become Deputy Chairman, replacing Philip Swinstead whowill remain on the Board as a Non-Executive Director. John Hughes, Executive Chairman, said: "I am delighted to welcome Lord Freeman to the Board, who brings with him animpressive breadth of experience, which will be of enormous benefit to Parity. "My focus will now be to support the company in its strategic development andsales and marketing activities, under Lord Freeman's leadership. We haverecently also appointed Ian Ketchin to the Board as Finance Director. With theseappointments I am confident that we have a strong leadership team in place asParity continues to move successfully from recovery to growth." Lord Freeman is currently Chairman of Thales Holdings UK plc, IDDAS Ltd,Metalysis Ltd, Radiation Watch Ltd, Cambridge Enterprise Ltd, Imprimatur CapitalLtd and a Director of Global Energy Development plc, Thales S.A, France,Chemring Group plc and CrossCore Optimization Ltd. He is also a Consultant(formerly Partner) at PricewaterhouseCoopers, and is Chairman of their UKAdvisory Panel. There are no other disclosures relating to Lord Freeman's appointment to be madeunder Listing Rule 9.6.13 (1) to (6). ENDS Enquiries:Parity Group PLC 0845 873 6942John Hughes, ChairmanAlwyn Welch, Chief Executive Officer The Hogarth Partnership 020 7357 9477John Olsen/Sarah Richardson Notes to editors: About Parity Group PLC Parity Group PLC is a UK-focused IT and Business services company, operating viathree core business units - Parity Resources, Parity Solutions and ParityTraining. Parity Resources is a leading IT recruitment specialist, with over 30 yearsexperience in providing permanent and contract technology staff, temporary staffand managed recruitment services across all markets. Parity Solutions specialises in providing IT, Projects and Consulting, usingleading edge technologies and drawing upon the depth of experience of itsconsultants in Programme and Project Management. Parity Training is one of the UK's leading Management and IT training providers.In addition to a comprehensive schedule of public courses, Parity deliverstailored learning solutions and customised programmes for major clients. Parity is listed on the London Stock Exchange, with a ticker of PTY.LN. This information is provided by RNS The company news service from the London Stock Exchange