Board Changes

24 Jul 2006 12:03

Sanctuary Group PLC24 July 2006 Monday 24 July 2006: For immediate release THE SANCTUARY GROUP Board Changes The Sanctuary Group, ('Sanctuary' or 'Group'), the international music group,today announces the appointment of John Preston as a non-executive director witheffect from 24 July 2006. The Group also announces the retirement of non-executive director, JohnnyGreenall, who will be leaving the Board today. John Preston (55) has had some 25 years in the international Recorded Productindustry operating at the highest level. He was Chairman of BMG Records for theUK and Ireland in the late 1990's as well as Chairman of the BritishPhonographic Industry (BPI). Prior to that he has been the Managing Director forRCA Records and Polydor Records as well as General Manager for Decca Records andMarketing Manager at EMI Records. The artists he has been involved with rangefrom Eurythmics and M People through to Lionel Ritchie, Take That and WhitneyHouston. In addition to becoming a non-executive Director, he will be on theAudit and Remuneration Committees. The Sanctuary Group plc Board is now structured as follows: Robert Ayling - Chairman John Preston - Non executiveFrank Presland - CEO Tina Sharp - Non executivePaul Wallace - Finance Director James Wallace - Non executive Bob Ayling, Chairman, said: "I am delighted John has agreed to join us. He hasan excellent track record in the industry and I look forward to benefiting fromJohn's guidance and experience, particularly in relation to our Recorded Productdivision. This represents another important step in reorganising the Group andputting it on a sustainable footing with proper standards of corporategovernance and financial transparency. Given the Group's circumstances, theoverhaul of the management team during the period was absolutely necessary. AsChairman, I am confident that we have the right team to take the Group forward." The Board would also like to thank Johnny Greenall for his more than 4 years ofservice to the Company. Mr Preston had nothing further to declare in relation to paragraph 9.6.13 of theListing Rules. ends For further information, please contact: The Sanctuary Group plcPhilip RangerDirector, Corporate and Investor Relations +44 (0) 20 7300 1323/07768 534641 BrunswickJames Hogan/ Craig Breheny/ AshSpiegelberg +44 (0) 7404 5959 Note to Editors: Sanctuary is a UK listed international music group, encompassing recordedproduct, merchandising, artist management and arranging and negotiating liveperformances. It has four main operating divisions: Recorded Product; ArtistManagement; Merchandising; and Live Agency. This information is provided by RNS The company news service from the London Stock Exchange