5 Jul 2010 07:00
| For immediate release | 5 July 2010 |
Corac Group plc
("Corac" or the "Company")
Appointment of Chairman
Corac announces that following Professor Gerry Musgrave stepping down from the Board at the AGM on 24 June 2010, Phil Cartmell will combine the roles of Chief Executive Officer and Chairman and is appointed Executive Chairman with immediate effect.
Corac continues to review the options for appointing additional Non Executive Directors to join the Board, but has no plans to make any changes at the current time.
For further information please contact:
| Corac Group plc Phil Cartmell, Executive Chairman Mark Crawford, Commercial & Finance Director
| 01895 813463 |
| FinnCap Geoff Nash, Corporate Finance Charlotte Stranner, Corporate Finance Brian Patient, Sales
| 020 7600 1658 |
| Buchanan Communications Richard Darby Ben Romney
| 020 7466 5000 |
TPG.L (TPG)