1 Dec 2010 14:44
1 December 2010
Styles & Wood Group plc
("Styles & Wood" or the "Group")
Directorate Change
Styles & Wood, a leading UK provider of property support to major retailers, banks and commercial organisations, today announces that Tony Lenehan has been appointed CEO effective from 1st January 2011. This follows Ivan McKeever's intention to step down from the Group at the end of the year after leading the successful refinancing of the business in 2009 and its' expected return to profitability in 2010.
Tony Lenehan, 51, joins Styles & Wood from Bovis Lend Lease, where he was responsible for the company's construction business interests in the north of England and nationally for property related services in the Defence sector with annual revenues in excess of £500m. He was previously with Carillion where he held the positions of Managing Director for the Building Division and latterly the Integrated Property Solutions Business. During this time he had significant exposure to a number of sectors including healthcare, education, retail and commercial.
Jim Martin, Chairman said:
"I would like to welcome Tony to the Board as CEO. Tony has significant experience in the construction sector and is very well placed to take the business forward through the next phase of its development.
"I would like to thank Ivan, who has played an important role in the turnaround of fortunes for Styles & Wood, in particular leading the significant refinancing of the business in 2009 and putting it on the path to return to profitability in 2010. I wish him every success in the future."
Tony Lenehan said:
"I look forward to joining Styles & Wood. The Company has a strong brand, a proud heritage, and is well positioned in its markets. I am privileged to lead the business through the next phase of its development as CEO."
Ivan McKeever said:
"Following eight enjoyable years and having delivered a turnaround at Styles & Wood, I have decided to step down as CEO at the end of the year to pursue personal business interests. I leave the Group in good shape to prosper from this point and wish my successor and indeed all the team at Styles & Wood well."
There are no further details that are required to be disclosed in respect of Mr Lenehan's appointment under LR 9.6.13R of the Listing Rules of the UK Listing Authority.
Ends
ENQUIRIES:
Styles & Wood Group plc Jim Martin
| Tel 0161 926 6000 |
Shore Capital Pascal Keane/ Edward Mansfield
| Tel 0207 408 4090 |
Financial Dynamics Billy Clegg
| Tel 0207 831 3113 |
Directorships held by Tony Lenehan within the past 5 years:
Current
N/A
Previous
Bovis Lend Lease Limited
Debut Services (Contracts) Limited
Debut Services (South West) Limited
Debut Services Limited