7 Aug 2013 07:00
THE QUARTO GROUP, INC
("Quarto" or the "Company" or the "Group")
Board Changes
Quarto (LSE: QRT.L), the world's leading international illustrated non-fiction book publisher and distribution group, is pleased to announce the appointment of Michael Hartley to the Board as a Non-executive Director of the Company. Michael will be Chairman of the Remuneration Committee and Senior Independent Director.
He brings extensive international management experience to the Board, having spent 16 years with Coats Viyella plc, for the last three years as Chief Executive of the Viyella division. He has worked extensively in Asia, Australasia and Africa.
Mr Hartley was until 2009 Chairman of Dawson International plc and is currently Chairman of privately owned recruitment business Hartley Resourcing Limited. He has been a Non-executive Director of ITE Group plc since 2003. He holds an MBA from Manchester Business School.
Mr Hartley was Chairman of Servocell Plc ("Servocell") between 2006 and 2007. In December 2007 following a cash squeeze Servocell was placed into administration with approximately £67k owing to unsecured creditors. Servocell emerged from administration with all debts settled, following which Servocell was sold.
Bob Morley, a Board Member until early 2012, is restored to the Board. Bob co-founded The Quarto Group in 1976, setting up the original co-edition imprints.
Mr Hartley holds an interest in 2,000 Quarto shares and Mr Morley holds an interest in 1,402,852 Quarto shares.
There are no further disclosures required by LR 9.6.13 in relation to the appointments of Mr Hartley or Mr Morley.
Chairman Tim Chadwick said:
"I am very pleased to welcome Mike Hartley to the Board, where his listed media company experience will be of great benefit. The Board will be further filled out with the return of Bob Morley, one of Quarto's co- founders."
For further information please contact:
The Quarto Group
020 7700 9004
Marcus Leaver, CEO / Mick Mousley, CFO
Pelham Bell Pottinger
020 7861 2840
Elly Williamson
About The Quarto Group
The Quarto Group (LSE: QRT) is the world's leading international illustrated book publisher and distribution group and is listed on the London Stock Exchange. Quarto has about 400 talented people in four distinct but complementary businesses - Quarto International Co-editions, UK; Quayside Publishing Group, USA; Aurum Publishing Group, UK and Lifetime/Premier Display Marketing, Australia & NZ. The Group is well positioned in attractively resilient segments of the publishing market which present opportunities for growth as the industry adapts to new means of marketing, sales and consumption. The Group's headquarters are in London where the Company was founded in 1976.