25 Apr 2019 16:59
25 April 2019
The Quarto Group, Inc.
(the "Company")
Appointment of Non-Executive Director & Change of CFO
The Quarto Group (LSE: QRT), the world's leading illustrated book publisher and distribution group, today announces that from 1st May 2019, Michael Mousley is appointed as Non-Executive director of the Company.
Michael was appointed interim Chief Financial Officer and Executive Director on 5th June 2018 to assist with the Company's cost-out and refinancing programmes. Previously, Michael was the Company's Chief Financial Officer between 1987 and 2015.
With this change, the Board will consist of two Executive Directors and four Non-Executive Directors.
A new Chief Financial Officer has been appointed and will join Quarto in July 2019. Between now and July, Steven Grace, Group Finance Director, will lead the Company's finance function.
No other details are required to be disclosed under the Listing Rules LR 9.6.13.
The Company confirms that as Non-Executive Director, Michael is not considered to be independent.
C.K. Lau, Chief Executive Officer, said "I want to thank Michael for his contributions over the past ten months. Michael came out of retirement to help Quarto with its refinancing and restructuring plans that helped to stabilise the Group. I now look forward to working with Michael in his new role as Non-Executive Director."
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The Legal Identifier of the Company is 549300BJ2WPX3QUATW58.
For further information, please contact:
The Quarto Group, Inc. | |
Dorothée de Montgolfier, Group Director of Communications | +44 20 7700 9002 |
About The Quarto Group
The Quarto Group (LSE: QRT) creates a wide variety of books and intellectual property products, with a mission to inspire life's experiences. Produced in many formats for adults, children and the whole family, our products are visually appealing, information rich and stimulating.
The Group encompasses a diverse portfolio of imprints and businesses that are creatively independent and expert in developing long-lasting content across specific niches of interest.
Quarto sells and distributes its products globally in over 50 countries and 40 languages, through a variety of sales channels, partnerships and routes to market.
Quarto employs c.330 talented people in the US and the UK. The group was founded in London in 1976. It is domiciled in the US and listed on the London Stock Exchange.
For more information, visit quarto.com or follow us on Twitter at @TheQuartoGroup.