Directorate Change
May 16 2006 - 3:04AM
UK Regulatory
RNS Number:0274D
Alpha Airports Group PLC
16 May 2006
Alpha Airports Group PLC
("the Group")
Board Changes
Whilst the Special Committee's investigations into the concerns raised in the
Group's announcement of 10 May 2006 continue, Kevin Abbott, Chief Executive, and
Heather McRae, Finance Director, have today resigned as Directors of the Group.
The Group has today appointed Peter Williams as Chief Executive and Tim Redburn
as Finance Director. Mr Redburn will be assuming the role on an interim basis
for a minimum period of three months during which time a search will be
conducted for a permanent Finance Director.
Peter Williams, 52, was previously Chief Executive of Selfridges plc until
February 2004. Mr Williams, who joined Selfridges in 1991 as Finance Director,
led the company's demerger from Sears in 1998 and remained as Finance Director
of Selfridges plc until his appointment as Chief Executive. Mr Williams
qualified as a Chartered Accountant with Arthur Andersen and subsequently worked
as a management consultant at Accenture. He brings a valuable combination of
retail, finance and commercial experience, and since leaving Selfridges has
acquired a portfolio of senior non-executive positions.
Timothy Redburn, 52, is a Chartered Accountant with extensive experience in both
public and private companies in finance roles including in the aviation sector.
Recently he has been Group Finance Director and then Chief Executive of Simon
Group plc and Chief Restructuring Officer of Henlys Group plc. He is currently
Chairman of Nightfreight Holdings Limited.
Peter Williams and Tim Redburn will be joining the Special Committee, which
continues to be in constructive discussion with PricewaterhouseCoopers, the
Group's auditors, on the process for completing the audit of the Group's
financial statements.
16 May 2006
Enquiries:
College Hill 0207 457 2020
Mark Garraway
Stephen Davie
Peter Williams
Mr Williams has been a director of the following publicly quoted companies in
the previous five years:
Company Current Resigned
ASOS plc Yes
GCap Media plc Yes
British Retail Consortium Yes
Selfridges plc Yes
Woodhouse UK plc Yes
There are no other matters required to be announced in respect of this
appointment under paragraph 9.6.13R of the Listing Rules.
Timothy Redburn
Mr Redburn has been a director of the following publicly quoted companies in the
previous five years:
Company Current Resigned
Henlys Group plc Yes
Powerfuel plc Yes
Simon Group plc Yes
Chesterton International plc Yes
Mr Redburn is/was an executive director of the following companies which were
subject to either a creditors' voluntary liquidation (CVL) or a members'
voluntary liquidation (MVL) within the past 12 months
Company Event Date
Henlys Group plc CVL Jan-06
Henlys Ltd CVL Jan-06
Plaxton Properties Ltd CVL Jan-06
Henlys North America Ltd MVL Dec-05
Henlys Central Ltd MVL Dec-05
Nightfreight Holdings Ltd CVL Dec-05
There are no other matters required to be announced in respect of this
appointment under paragraph 9.6.13R of the Listing Rules.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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