Directorate Change

14 Apr 2005 13:18

Mavinwood PLC14 April 2005 14 April 2005 Mavinwood plc ("Mavinwood" or "the Company") Appointment of Non-Executive Chairman The Board of Mavinwood is pleased to announce, along with the announcement ofits proposal to acquire ReStore Group Holdings Limited, that it yesterdayappointed Philip Joseph Reid, 55, as Non-Executive Chairman. Kevin Mahoney, whopreviously held the position of Executive Chairman, has been appointed ChiefExecutive of the Company. Philip has been involved in the investment banking industry for the last 30years and has held senior positions at the National Research DevelopmentCorporation, Merrill Lynch and Continental Trust. More recently, he has acted asa consultant to Insinger de Beaufort, the Anglo-Dutch Investment Bank and was afounder of AIM listed Harbinger Capital plc. Commenting on the appointment, Kevin Mahoney said: "We are delighted to haveattracted someone of Philip's calibre. As we continue to pursue our strategy ofbuilding a group of market-leading UK support services businesses, Philip'sbreadth of experience and quality of contacts will be invaluable" Philip Reid holds or has held the following directorships in the past fiveyears: Current Directorships Past DirectorshipsAir Club Limited Visual Corporation LimitedNext Generation Sports plc Portman Productions LimitedNext Generation Sports Events Portman Entertainment Group LimitedLimitedIFEX Innovation Finance & Equity Frictionless Hinges and Joints LimitedExchange Limited (dissolved 26 December 2000)Douris UK Limited Adorian plcConcierge Property Services Portman Entertainment LimitedLimitedHarbinger Capital plc Portman Media Assets LimitedStudy Abroad UK Limited Caplay plcMovo plc Custom House Investment Partners LimitedMultisport Services plc Custom House Associates (UK) Limited Mr Reid was a director of the following companies: i) Buckingham Communications PR Limited ("Buckingham"), which was compulsorily wound up on 3 November 1993; ii) Warringtons plc, which had an administrative receiver appointed on 9 May 1991. The administrative receiver ceased to act on 27 April 1998; iii) Custom House Associates (UK) Limited, which was compulsorily wound up on 13 October 1999; iv) Visual Corporation Limited ("Visual"), which entered into a creditors voluntary liquidation on 9 January 2002. In the case of Buckingham, Mr Reid believes that he resigned as a director morethan twelve months prior to the event referred to above. However, according torecords at Companies House, it would appear that his resignation might not havebeen filed. In the case of Visual, Mr Reid resigned from the parent company, Adorian PLC on1 October 2001, and believes that he had also resigned from Visual. However,according to records at Companies House, it would appear that his resignationmight not have been filed. This information is provided by RNS The company news service from the London Stock Exchange