Board Changes
October 22 2009 - 5:03AM
UK Regulatory
TIDMDYS
RNS Number : 2170B
Dyson Group PLC
22 October 2009
+-----------------------------------+-----------------------------------------+
| For immediate release | 22 October 2009 |
+-----------------------------------+-----------------------------------------+
Dyson Group PLC
('Dyson' or the 'Company')
Board Changes
The Board of Dyson Group PLC (LSE: DYS), the materials technology group,
announces that Patrick Lammers has resigned from the Board and has stepped down
as Chief Executive by mutual agreement with effect from 21 October 2009. Julian
Cooper, who has, since August this year, been and will continue to be
responsible for the finance function at Dyson as a professional adviser to the
Company, has been appointed by the Board to act in the non-Board role of Interim
Chief Executive of the Group.
Mr. Cooper, who has been advising the Board of Dyson as a consultant since July
2009, is an ICAEW qualified chartered accountant and former partner of Arthur
Andersen. He is an experienced interim manager and management consultant. The
focus for Dyson in the immediate future is on financial activities with regard
to the Group's restructuring. Mr. Cooper's experience of turn around situations
and restructuring companies is ideally suited to Dyson's short-term needs.
In addition, the Dyson Group announces that Dr. Christopher Honeyborne,
currently Non-Executive Chairman, will become Executive Chairman of the Group
with immediate effect. He will work closely with Mr. Cooper in his role as
Interim Chief Executive.
The Company reports that continued progress is being made with regard to the
restructuring plans and refinancing negotiations with its two banks, Lloyds TSB
and Svenska Handelsbanken. Banking discussions are ongoing and a further
announcement will be made in due course.
Dr. Christopher Honeyborne, Chairman of Dyson Group, commented:
"The Board would like to thank Patrick for his commitment to the Company and for
what has already been achieved at Dyson under his guidance during this difficult
time and unprecedented challenging market conditions. Since his appointment,
Patrick has achieved significant operational improvements within the Group and
has created an organisation with a market-driven and customer-focused
strategy. On behalf of the Board of Dyson, I wish Patrick well for the future."
For further information, please contact:
+-------------------------------------+---------------------------------------+
| Buchanan Communications | |
+-------------------------------------+---------------------------------------+
| Charles Ryland / Ben Willey / | 0207 466 5000 |
| Catherine Breen | |
+-------------------------------------+---------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAPUGGUUUPBUBP
Dyson (LSE:DYS)
Historical Stock Chart
From Nov 2024 to Dec 2024
Dyson (LSE:DYS)
Historical Stock Chart
From Dec 2023 to Dec 2024