Wt Rene Etf Regulatory News (WREN)

7 Oct 2009 07:00



 FOR RELEASE 7.00am 7 October 2009

WREN HOMES GROUP PLC (WHG/L)

("Wren" or "the Group"),

Wren Homes Group Plc, the AIM listed provider of retirement living, through a range of Extra Care and other services for the independent elderly.

APPOINTMENT OF FINANCE DIRECTOR

Wren Homes is pleased to announce the appointment of Michael O'Donnell as the Group's full-time Finance Director with immediate effect.

Michael O'Donnell BSc, ACA, (aged 48), a Chartered Accountant has worked as finance director for the past 15 years with a range of public and private organisations and has a strong record in delivering significant operational growth, both internationally and across a number of sectors.

Michael has acted previously as interim financial director for Presentation Services Ltd, the outdoor media and events group, and as financial director for A Novo UK Ltd, the £30m turnover UK subsidiary of the French quoted Telecoms Group. He was also previously group financial director for CW Group Ltd, a London/New York-based publishing house, which he was headhunted to join from Profile Pursuit Group Ltd, another similarly based, London/New York-based publishing house. Prior to that Michael worked at Baker Tilly for 10 years.

Phil Self ACA, the current part-time finance director, will remain with the company, but as a Non-Executive Director. Phil, also a Chartered Accountant, with many years experience with the Company will become Chairman of the Audit Committee. Wren welcomes his decision to stay on and to provide continuity in the finance function.

Paul Treadaway, Chief Executive of Wren Homes, commented: 

"We are delighted that Michael has joined Wren. His proven record of building and managing profitable businesses and his familiarity with the stock market and its requirements, alongside his M&A and due diligence experience, will be a real asset to Wren as we seek to further grow the business and accommodate an ever-increasing and ageing population.

For further information:

Appendix:

In accordance with Schedule Two paragraph (g) of the AIM Rules for Companies, Michael O'Donnell's directorships in the past 5 years are set out below.

Current directorships:

Wren Trustees Limited

Past directorships:

Profile Pursuit Group Limited

Profile Pursuit Limited

CW Resources Limited

Save for the information disclosed above, there are no further disclosures required to be made in respect of Mr. O'Donnell under Schedule Two paragraph (g) of the AIM Rules for Companies. 

-ENDS-