TIDMTHT 
 
RNS Number : 5218M 
Thorntons PLC 
25 May 2010 
 

 
 
FOR IMMEDIATE RELEASE 
                        25 MAY 2010 
 
 
THORNTONS PLC 
                         ("Thorntons" or "the Company") 
 
                        Board Change and trading update 
 
Thorntons announces that Mike Davies has informed the Board of his decision to 
retire as Chief Executive. In the light of new challenges, principally the 
management of Thorntons' retail estate, Mr. Davies has decided that a Chief 
Executive with specific retail expertise is required to lead the business. 
 
Mr. Davies will remain in place until a suitable candidate has been identified. 
A search for his successor has been initiated. 
 
In the last four years, Mr. Davies led Thorntons' restructuring and 
significantly improved its manufacturing operations, the product range and the 
performance of its Commercial Channel. During this period, Thorntons increased 
its branded market share and grew sales year on year. 
 
Until a new appointment has been made, John von Spreckelsen will act as 
Executive Chairman. 
 
Since the last trading update issued on 20 April 2010 the Company has continued 
to experience a tough trading environment in Own Stores together with a 
temporary decline in Commercial channel sales. Own stores sales have continued 
to experience like for like sales declines together with higher than anticipated 
discount costs on clearing excess stocks. Commercial sales were also lower than 
expected during the end of April and early May but have since recovered to 
previously forecast levels. 
 
The Board has therefore revised its outlook for the remainder of the year and 
now expects profit before tax and exceptional items and impairment charges to be 
lower than previously indicated. 
 
A full trading update will be issued on July 14 2010. 
 
End 
 
For further information please contact: 
 
Cardew Group 
Anthony Cardew 
                          T: 020 7930 0777 
 
                                       M: 07770 720 389 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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