Directorate change
May 10 2010 - 11:23AM
UK Regulatory
TIDMQDG
Directorate Change
Quadnetics Group plc announces that Russ Singleton, Strategic Development
Director, is leaving the Company, with immediate effect. Russ, founder of
Synectic Systems, Quadnetics' core technology business was Group Chief Executive
from 2002 until 2008.
Over the last 18 months Russ has worked closely with new Group Chief
Executive, John Shepherd, ensuring a successful handover and in implementing
the business restructuring as announced in June 2009. With the new strategic
development plan firmly bedded in, Russ has decided to pursue other
opportunities outside the Group.
David Coghlan, Chairman of Quadnetics, commented:
"Russ Singleton was the founder and inspirational driving force behind Synectics
and later Quadnetics as a whole. He built the Synectics business over more than
20 years and, following its move to AIM in 2002, led the Group in achieving
substantial organic growth and a number of successful acquisitions.
"Russ is a remarkable entrepreneurial leader and has earned huge respect among
his colleagues on the Board, throughout the Group and in the wider electronic
security industry. Now that Quadnetics is moving on to a new phase in its
development, he wants to focus his formidable energy and talents on challenges
that are less corporate in nature.
"On behalf of the Board and all of us at Quadnetics I wish Russ the very best in
his new endeavours."
For further information, please contact:
Quadnetics Group plc Tel: +44 (0) 1527 850080
John Shepherd, Chief Executive
Email: john.shepherd@quadnetics.com
Brewin Dolphin Investment Banking Tel: +44 (0) 845 213 4726
Neil Baldwin
Buchanan Communications Limited Tel: +44 (0) 207 466 5000
Tim Anderson / Isabel Podda / Ben Romney
[HUG#1414366]
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