13 Dec 2010 07:00
First Artist Corporation Plc
("First Artist" or the "Company")
Board Changes
Pursuant to the announcement made on 08 December 2010, First Artist Corporation plc (AIM:FAN), the media, events and entertainment management group, today announces the following changes to the Board of Directors.
Bob Baldock has resigned as Non-Executive Chairman with immediate effect. It is intended that David Stoller will be appointed as Executive Chairman in the near future.
In addition, it is intended that Jeremy Barbera will join the Board as Chief Executive Officer and Shirley Stapleton will join the Board as Finance Director. Jon Smith will remain an executive Director of the Company and assume the role of Executive Vice Chairman.
The appointments of Mr. Stoller, Mr. Barbera and Ms Stapleton (the "New Directors") are subject to completion of due diligence. A further announcement setting out the disclosures to be made in relation to the New Directors under Schedule 2 (g) and Rule 17 of the AIM Rules for Companies will be made as soon as practicable.
Jon Smith, commented:
"I would like to thank Bob sincerely for his valued input and expertise during his time as Non-Executive Chairman of First Artist. His advice has been invaluable to the Company and we all wish him well for the future".
Enquiries:
First Artist Corporation Plc
Jon Smith / Shirley Stapleton Tel: +44 20 79930000
Seymour Pierce Limited
Stewart Dickson / Tom Sheldon Tel: +44 20 71078000