26 Feb 2018 15:36
The Quarto Group, Inc.
Appointment of Non-Executive Director
The Quarto Group (LSE: QRT; "Quarto" or "the Company"), the leading global illustrated book publisher, has appointed Andy Cumming as a Non-Executive Director of the Company. Andy will join the Board on 1 March 2018.
Andy has over 40 years' experience in banking and risk management. The last 17 years of his full-time career were spent with Lloyds Banking Group in a variety of senior positions, including seven years as the Chief Credit Officer of the Commercial Banking Division and four years as Managing Director of the Global Non-Core Division. He was also a member of the Group Risk and Commercial Banking Executive Committees.
Andy is currently Non-Executive Director of Lloyds Development Capital, the private equity arm of Lloyds Banking Group, Bluestone Holdings Limited, a multinational financial services business, and Seadrill Partners LLC, which focuses on the acquisition, ownership and operation of offshore drilling rigs.
With Andy joining, the Board now includes five Non-Executive Directors and, from 9 April with Carolyn Bresh joining the Board, two Executive Directors.
Peter Read, Chairman of Quarto, said: "Andy brings a wealth of knowledge and experience and will be a strong addition to the Board as we pursue our ambition to become the dominant publisher of illustrated books worldwide."
Andy Cumming added: "I am delighted to have been given the opportunity to join the Board of Quarto. This is an exciting business with strong growth potential and I am looking forward to working closely with the Board, as well as Marcus and his team".
The Company confirms that save as set out above there is no additional information that the Company is required to disclose under paragraph 9.6.13 (1) to (6) of the Listing Rules of the UK Listing Authority. The Company further confirms that Andy Cumming is considered by the Company to be independent.
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For further information, please contact:
The Quarto Group
Marcus Leaver, CEO Dorothée de Montgolfier, Group Director of Communications
| 020 7700 9002
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About The Quarto Group
The Quarto Group (LSE: QRT) is the leading global illustrated book publishing group. Our mission is to make and sell great books and related products that entertain, educate and enrich the lives of adults and children around the world.
Quarto creates and owns proprietary content from a diverse portfolio of imprints that are creatively independent and expert in developing long-lasting content across specific niches of interest.
Quarto sells across 50 countries and in 39 languages through a variety of traditional and non-traditional channels, while constantly looking for new ways to create and deliver content that people need.
Quarto employs over 400 talented people in the US, UK and Hong Kong. The group was founded in London in 1976. It is domiciled in the US and listed on the London Stock Exchange.
For more information, visit quarto.com or follow us on Twitter at @TheQuartoGroup.
QRT.L (QRT)