Tissue Regenix Group Regulatory News (TRX)

31 Oct 2005 07:00

Torex Retail PLC31 October 2005 31 October 2005 Torex Retail Plc New Board Appointment Torex Retail plc is pleased to announce the appointment of Michael Meade asFinance Director with effect from 1st November. Michael (aged 45) joins from UBS Investment Bank where he was a senior directorin the investment banking division. He has specialised for many years advisingmid-cap and technology companies in the UK and Europe, including advising TorexPLC up until its sale. Michael is a Chartered Accountant with considerableexperience in the City and will add strength to the Board's strategic thinking. Chris Moore, Chairman of Torex Retail said: "We are delighted to have someone of Michael's calibre and experience join ourBoard. His arrival represents a further strengthening of our senior managementteam and follows the recently announced appointment of Phil Cox. Phil hasalready made a significant impact in his primary Treasury role, as well as in abroader operational management perspective. We have known Michael for manyyears as a trusted adviser and know he will make a valuable contribution to theBoard in its next stage of development. He joins us at a time when we areexperiencing a continuation of the very strong organic growth Torex achieved inthe first six months of 2005 trading. The integration of the recently acquiredbusinesses continues to run ahead of plan, both in time and quantum, and insome areas is already fully completed. Commenting on his appointment Michael Meade said: "Torex Retail is an exciting growth company which I am delighted to be joining.I believe that there exists a great opportunity to continue to build a worldbeating force in retail systems and I look forward to helping the Companyachieve its ambitious goals." Richard Thompson, whilst remaining with the Group, will move into a moreoperationally focussed finance role. The Board wishes to thank Richard for hisconsiderable contribution to the Group through the Group's initial phase ofdevelopment since IPO. Enquiries: Torex Retail 01295 753313 Chris Moore, Executive Chairman Citigate Dewe Rogerson 020 7638 9571Ginny Pulbrook/Seb Hoyle/Lucie Holloway Michael Meade owns 10,000 ordinary shares in Torex Retail PLC. There are nofurther details to be disclosed as per Rule 17 of the AIM rules. About Torex Retail plc Torex Retail is a leading independent provider of cutting edge retail technologysolutions to many of the world's principal retailers. Since the company'sflotation in spring 2004 Torex Retail has achieved rapid growth across all ofits markets and has rigorously pursued its goal of becoming the provider ofchoice. As a result, the company now has a presence in all of the major marketsaround the world and has built a strong platform for future growth in line withits strategy. Torex's Retail's product and solution set spans high street andout-of-town retail as well as the petroleum and convenience sector and with over6,000 customer relationships, including Tesco, Woolworth, Selfridges, Shell andArgos, the company has earned a leading reputation amongst retailers. TorexRetail has more than 2800 staff based in 17 countries. www.torexretail.com. This information is provided by RNS The company news service from the London Stock Exchange