INFS Infoserve

 

TIDMINFS 
 
RNS Number : 6557K 
Infoserve Group PLC 
23 April 2010 
 

                              Infoserve Group Plc 
 
                                  Board Changes 
 
Infoserve Group Plc ("the Group") announces the following Board changes, which 
will become effective on 1 May 2010. 
 
James Newman will step down as Chairman of the Group, a position he has held 
since May 2006 and will leave the Board on 30 April 2010. James has helped guide 
the Group through the Group's IPO in June 2006 and a significant period of 
transition and progress concluding with the new funding arrangements recently 
agreed with the Group's major shareholder, David Hood. Now that the Group has a 
much more stable financial structure, James feels that this is the right moment 
to step down and the Board has reluctantly accepted his request. 
 
James has extensive other business interests, including his current role as 
Master Cutler and will now concentrate on this role as well as extending his 
current non-executive portfolio. 
 
Steve Barnes, currently Chief Executive Officer, will become Executive Chairman 
of the Group from 1 May. Steve will join the Remuneration Committee and become 
Chairman of the Nominations Committee and continue to work closely with the 
Executive Directors on everyday business issues. 
 
Andrew Thirkill, Non-Executive Director, will become Chairman of the Audit 
Committee. 
 
The Company intends to commence a recruitment process for an additional 
non-executive director in the near future. 
 
Commenting on the changes, Steve Barnes said "James has made a great 
contribution to the Group and his guidance and leadership in all matters has 
been important in these first few years as a publicly traded company. He has 
demonstrated his knowledge of financial and corporate governance issues, and led 
the Board well. We wish James every future success and thank him for the 
contribution he has made to the Group." 
 
+--------------------------------+----------------------------+ 
|                                |                            | 
| For further information,       |                            | 
| please contact:                |                            | 
|                                |                            | 
| Infoserve Group Plc            | Tel:  0113 238 6200        | 
| Steve Barnes, Chief Executive  |                            | 
| steve.barnes@infoserve.com     |                            | 
|                                |                            | 
+--------------------------------+----------------------------+ 
| Nominated Adviser              |                            | 
| WH Ireland Limited             |                            | 
| Robin Gwyn                     | Tel:  0161 832 2174        | 
+--------------------------------+----------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 BOADMGZDKZVGGZM 
 

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