WYG Regulatory News (WYG)

6 Jan 2009 07:00



WHITE YOUNG GREEN PLC

Board Changes

White Young Green plc announces the following changes to its Board which will take place with immediate effect. 

Lawrie Haynes, the Chief Executive of the Group, is leaving the business by mutual agreement and Paul Hamer, currently the Chief Operating Officer, becomes Group Managing Director. Paul will report to Peter Wood, the Chairman of the Group, who,  as a consequence of these changes, will increase his time in the business.

Commenting on the changes, Peter Wood, Chairman said: 

"Over the last few months White Young Green's priorities have changed in response to the challenging economic environment. Whilst our primary responsibilities remain to ensure that we continue to deliver high quality services to all our clients, we now also need to ensure the business is in the right shape to exploit the recovery when it arises. We will have a more efficient cost base and our business model will be focused on the key commercial growth areas as outlined in our business strategy. The Board believes the changes we are making today underpin that strategy.

I would like to thank Lawrie Haynes for the contribution he has made to the Group over the past 18 months. "

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