15 Jul 2014 07:00
Verdes Management plc ("Verdes" or the "Company")
15 July 2014
Appointment of Director
Verdes (AIM: VMP) announces the following appointment to the Board. Stephen Foster is joining the Board with immediate effect as a non-executive Director. Stephen will work with the current board to implement and execute the Company's new investing strategy which was approved by shareholders following its classification as an investing company earlier this year.
Stephen Foster has 40 years' experience in General Management, Sales, Marketing and Operations, mainly in IT and Communications industries, over 18 of which have been spent managing business in Europe, the Middle East and Africa.
Originally starting with IBM before moving on to Unisys, Norsk Data and Amdahl, he has latterly held executive positions with Exide (now Invensys), NYNEX, BellSouth, Eyretel (now Verint), Dendrite (now Cegedim), SunGard AS and Siemens.
He is currently a non-executive director at COMS Plc where he sits on both the Remuneration Committee (as Chair) and the Audit Committee. He holds a BSc from Birmingham University and is a member of the British Computer Society.
Gill Leates, Chairman, commented: "I am delighted to welcome Stephen to the Board. His wide-ranging business experience and international contacts will serve the Company well as Verdes seeks to implement its investing policy, and beyond."
The following information is given in accordance with paragraph 2(g) schedule Two, the AIM Rules for Companies:
Full name and age:
Stephen Squire Foster, 62
Current Directorships/Partnerships:
Iridian Consulting Services Limited
COMS Plc
Past Directorships/Partnerships (previous 5 years)
None
There is no other information required to be included in accordance with paragraph 2(g), Schedule Two, the AIM Rules for Companies.
For further information please contact:
Verdes Management PLC
Gillian Leates - Chairman 0208 133 2782
SPARK Advisory Partners Limited
Nominated Adviser
Neil Baldwin 0113 370 8974
Mark Brady
React Group (REAT)