2.12.11
WYG plc
Board changes
Sean Cummins appointed as Group Finance Director
WYG plc, the global project management and technical consultancy, is pleased to announce the appointment of Sean Cummins as Group Finance Director with immediate effect.
Sean Cummins was Group Finance Director of Scott Wilson plc, the global design and engineering consultancy, from September 2007 until its acquisition by URS Corporation in September 2010.
From 2000 until 2007 he was Finance Director of Yule Catto & Co plc, the international chemicals group, prior to which he was Finance Director of BTR Power Systems, a division of Invensys plc, between 1995 and 1999.
David Wilton, who joined WYG as Group Finance Director in February 2009, has decided that, following the successful financial restructuring of the Group that was concluded in July, now is the time for him to move on as the company enters a new and different phase of its turnaround. He will step down from the Board with immediate effect.
Mike McTighe, Chairman said:
"We are delighted to welcome someone of Sean's calibre to the Board. He has extensive relevant public company experience and has deep knowledge of the global consultancy sector through his time at Scott Wilson. Following the capital restructuring completed in July, WYG has entered a new growth phase in its development and Sean is ideally equipped to help lead WYG in the execution of its recently articulated international strategy.
"On behalf of the Board and in a personal capacity, I would like to extend sincere thanks to David for his invaluable contribution to WYG. With his corporate finance background, he played a key role over a very challenging two and half year period that culminated in July's capital restructuring. We now have a very sound platform from which to grow and, for that, David should take considerable credit."
Sean Cummins said:
"WYG is a leading international consultancy with very prominent positions in its chosen markets and geographies. I am very excited to be joining at the point at which it is embarking on a new phase of growth."
Save as set out in this announcement, there are no further disclosures required under Rule 17 Schedule 2 (g) of the AIM Rules.
WYG has today announced its interim results for the six months to 30 September 2011.
For further information, please contact:
WYG plc Tel: 0113 278 7111
Paul Hamer, Chief Executive Officer
MHP Communications Tel: 020 3128 8100
John Olsen
Katie Hunt
James White
Numis Securities Limited Tel: 020 7260 1000
Stuart Skinner (Nominated Adviser)
David Poutney (Corporate Broker)
Additional information:
Sean Cummins is currently a director of the following companies:
In the past five years, Sean Cummins has been a director of the following companies:
Revertex Chemicals Limited
Techsol Limited
Temple Fields 520 Limited
Temple Fields 531 Limited
Temple Fields 532 Limited
Temple Fields 534 Limited
Vivimed Labs Europe Ltd
Temple Fields 530 Limited
Holliday Pigments Limited
Temple Fields 521 Limited
Temple Fields 523 Limited
William Blythe Limited
Temple Fields 522 Limited
Scott Wilson Group Limited
Scott Wilson Holdings Ltd
URS Scott Wilson Ltd
Strategic Leisure Limited
Benaim (UK) Ltd
Rok Building Limited
Rok plc
Rok plc entered administration on 8 November 2010, Sean having joined the group on 30 September 2010 as Group Finance Director. Administration proceedings are ongoing and it is expected that there will be significant amounts outstanding to creditors.
Rok Building Limited also entered administration on 8 November 2010, Sean having joined the board of this subsidiary of Rok plc as part of his role as Group Finance Director. Administration proceedings are ongoing and it is expected that there will be significant amounts outstanding to creditors.
