RNS Number : 8278H
Davenham Group PLC
01 March 2010
FOR IMMEDIATE RELEASE
1 March 2010
DAVENHAM GROUP PLC ("DAVENHAM" OR THE "GROUP")
The Board of Davenham announces that David Coates is stepping down as Chief Executive of the Group with immediate effect. Paul Burke, the Group Finance Director, will assume David's responsibilities and is appointed Group Managing Director.
David has played a key role in the development of Davenham, joining the Group before its flotation in 2005 and leading it through a period of growth and subsequently through a challenging period with the onset of turbulence in financial markets and economic recession. The Board would like to thank David for his leadership and valuable contribution and wishes him well for the future.
The Board of Davenham continues to work with its advisers to complete the strategic review announced late in 2009.
Further announcements will be made as and when appropriate.
Enquiries
Hawkpoint Partners Limited 020 7665 4500
(Nominated Adviser)
Lawrence Guthrie / Joseph Ayala
Smithfield 020 7360 4900
John Antcliffe
Rebecca Whitehead
This information is provided by RNS
The company news service from the London Stock Exchange
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