20 Jul 2009 07:00
20 July 2009
STYLES & WOOD GROUP PLC
("Styles & Wood" or the "Group")
Directorate Change
Styles & Wood, a leading provider of property services to premier UK retailers, announces that Philip Lanigan has been appointed to the Board as Group Finance Director. Graham Clark, is to stand down from his position as Group Finance Director as part of a planned retirement following the successful conclusion of the refinancing of the Group.
Philip Nicholas Lanigan (45) joins Styles & Wood as Group Finance Director with effect from 1st August 2009. Philip joins the Company from Ashtead Technology Limited, a private equity owned international specialist equipment rental business, where he was Group Finance Director from November 2008 until July 2009.
Philip is a Chartered Accountant, having trained at and spent nine years with Price Waterhouse, before leaving in 1994 to join NIS Limited as Finance Director. From 1999 to 2005, Philip was Group Finance Director of NNC Holdings Limited, a private equity backed engineering consultancy and project management services group. From 2005 he joined NES Group, a specialist technical recruitment company, as finance director. In March 2007 he joined Cardpoint plc, as group finance director, where he was involved in the merger with Alphyra to create Payzone plc, which he left on completion of the merger. In May 2008 he joined EIC Limited, an electrical contracting business, as interim finance director before moving on to Ashtead Technology Limited.
Graham Clark has been Finance Director of Styles & Wood since 1988. To ensure an orderly handover, he has agreed to remain with the Company until the Company has released its interim results for the six months to 30 June 2009, which is expected to occur towards the end of August.
Jim Martin, Chairman of Styles & Wood, said:
"I would like to thank Graham for his hard work and dedication. Graham has been instrumental in delivering the Group's recent refinancing. This planned transition has been critical to the financial stability of the Group, which now stands in good stead under the new management team led by Ivan McKeever.
There are no further details that are required to be disclosed in respect of Mr Lanigan's appointment under LR 9.6.13R of the Listing Rules of the UK Listing Authority.
Enquiries:
| Styles & Wood Group plc | Tel: 0161 926 6000 |
| Ivan McKeever, CEO |
|
| Financial Dynamics | Tel: 020 7831 3113 |
| Billy Clegg / Georgina Bonham / Alex Beagley |
|
| Shore Capital and Corporate Limited | Tel: 020 7408 4090 |
| Guy Peters/Edward Mansfield |
Directorships held by Philip Lanigan within the past 5 years:
Current
Stockport Labour Party Holdings Limited
Amazon Group Limited
Amazon Acquisitions Limited
Amazon Investco Limited
Ashtead Technology Limited
Previous
Cardpoint plc
Cardpoint Group Limited
Cardpoint Services Limited
Cardpoint Cash Machine Limited
Cardpoint Nederland Limited
Cardpoint Remote Limited
Cardpoint Deutschland Limited
Travelex ATMS Limited
Moneybox Limited
Moneybox Holdings Limited
G2 Limited
Transacsys Limited
Moneybox Corporation Limited
Cardpoint Technical Services Limited
Cardpoint Trustees Limited
Transacsys Trustees Limited
NES Group Limited
NES (Overseas) Limited
Nestrack Limited
NES International Limited
NES Computer Services Limited
NESTEC (International) Limited
NES Trustees Limited
Prime Resources Limited
NESCO Holdings Limited
NESCOMMS Limited
MRA Limited
NESCO (Scotland) Limited
Chris Holt Recruitment Limited
NESCO Permanent Recruitment Limited
Newincco 586 Limited
Newincco 587 Limited
AIM Academy Limited
NNC Holdings Limited
NNC Limited
National Nuclear Corporation Limited
Fast Reactor Technology Limited
Nuclear Power Company Limited
Nuclear Power Company (Risley) Limited
Nuclear Power Group (HH) Limited
EFR Associates Limited
PWR Power Projects Limited
Technica Limited
Technica-NNC Limited
NNC Environmental Limited
STATS-NNC Limited
NIRAS Analytical Limited