18 Dec 2008 07:00
| For immediate release | 18 December 2008 |
WALKER GREENBANK PLC
("Walker Greenbank" or "the Company")
Board Changes
Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group whose brands include Sanderson, Morris & Co., Harlequin and Zoffany, announces the following changes to the Company's Board.
Ian Kirkham has informed the Board of his intention to stand down as Chairman at the end of this financial year, 31 January 2009, for health reasons. The Board would like to thank Ian for his outstanding contribution to the Company and to offer him sincere good wishes for the future.
Under Ian's Chairmanship, Walker Greenbank has been restored to being a cash-generative and profitable company with a leading position in the luxury interior furnishings market.
As the Board has been aware of the possibility that Ian might have to step down, an orderly succession has been planned.
Terry Stannard, who joined the Board as a Non-Executive Director in September 2007, will become Chairman. Terry, who has extensive experience of consumer goods and brand-based businesses, has built up a thorough understanding of Walker Greenbank.
Fiona Clare Goldsmith (nee Ramsay) has been appointed as a new Non-Executive Director and Chair of the Audit Committee, effective from 17 December 2008.
Fiona, age 42, is a qualified accountant who started her career with KPMG, where for nine years she focused on the retail and leisure sectors in various roles. She then moved to First Choice Holidays plc, where she became European Finance Director. From 2004 until October this year she was Finance Director of Land Securities Trillium, a division of Land Securities Group plc.
Fiona Goldsmith holds or has held directorships in the five years preceding her appointment at Walker Greenbank as follows:
| Current directorships | Previous directorships |
| 8 Sloane Gardens Limited | Land Securities Trillium Limited Trillium Group Limited LST SMIF Partnership GP Limited LST SMIF Partnership Nominee Limited LST PPP LP Limited Telereal 112 Limited Telereal Developments Limited Telereal Freehold Nominee Company Limited Telereal General Freehold Nominee Limited Telereal General Property GP Limited Telereal General Property Holdings Limited Telereal General Property Parent Limited Telereal General Property Trustee 1 Limited Telereal General Property Trustee 2 Limited Telereal Securitisation PLC Telereal Securitised Freehold Nominee Limited Telereal Securitised Property GP Limited Telereal Securitised Property Holdings Limited Telereal Securitised Property Parent Limited Telereal Securitised Property Trustee 1 Limited Telereal Securitised Property Trustee 2 Limited Telereal Services Limited Telereal Telecom Services Limited Telereal Trading Property Limited Telereal Ventures Limited LST PPP LP Limited Trillium PPP Holdings Limited Trillium Investments Luxembourg s.a.r.l Land Securities Trillium Telecom Services Limited Investors in the Community Group Limited |
There are no other matters to be disclosed in relation to Schedule 2 paragraph (g) and (i) of the AIM Rules.
Enquiries:
| Walker Greenbank PLC | +44 (0) 8708 300077 |
| John Sach, Group Chief Executive | |
| Alan Dix, Finance Director | |
| Julian Wilson, Company Secretary | |
| Teathers | +44 (0) 20 7426 9000 |
| Tom Hulme | |
| Buchanan Communications | +44 (0) 20 7466 5000 |
| Mark Court / Miranda Higham |