Board Changes
April 21 2010 - 2:00AM
UK Regulatory
TIDMGMG
RNS Number : 5163K
Game Group PLC
21 April 2010
21 April 2010
The GAME Group plc: Board Changes
GAME Group today announced that Lisa Morgan has stepped down from her role as
Chief Executive Officer ("CEO"). Lisa had indicated her desire to step down to
pursue other opportunities, and the Board and Lisa have agreed that this is the
right time for a new CEO to lead the business through the next stage in its
development. The Board has commenced the search for a new CEO and, pending this
appointment, has asked non-executive director, Chris Bell, to take up the role
of interim CEO.
Chris has served on the GAME Board since January 2003. He joined Ladbrokes plc
in 1991 and held a number of senior positions in the company, culminating in
that of Chief Executive, a post he held for four years. Prior to that, he held
a number of senior positions with Allied Domecq.
With the commencement of a search for a new CEO now underway, UK Chief Operating
Officer, Terry Scicluna, has also informed the Board of his intention to step
down. He will remain with the business through a handover period.
Responsibility for the UK operating activities will be retained by Martyn Gibbs,
former Managing Director of Gamestation, who was appointed GAME Group Managing
Director of UK and Eire in March 2010.
Peter Lewis, Chairman, said:
"On behalf of the Board, I would like to thank Lisa for her exceptional
contribution over the last 14 years. She joined GAME when we had less than 200
stores, was appointed to the Board in January 2000, and became CEO in 2006. Her
focus on, and knowledge of, our customers and industry has helped to establish
our strong market leading position in Europe. We have commenced the search for a
new CEO. In the meantime I am delighted that Chris has agreed to take on this
role on an interim basis as the company moves into the next phase of its
development. "
Enquiries
Brunswick Jonathan Glass / Mike Harrison / Wendel Verbeek +44 (0) 20
7404 5959
This information is provided by RNS
The company news service from the London Stock Exchange
END
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