(MCB.L) McBride PLC Buy/Sell

RNS Number : 8424B McBride PLC 03 November 2009

3 November 2009

McBride plc

Resignation of Chief Executive

McBride plc, Europe's leading supplier of private label household and personal care products, announces today that Miles Roberts, Chief Executive has tendered his resignation from the Board in order to take up a new position with DS Smith Plc.

Miles, who is subject to a twelve-month notice period, will continue in post until such time that an orderly handover of his responsibilities is effected or the appointment of his successor is made. A search for a successor to include both internal and external candidates is underway but is not expected to result in any appointment until 2010.

Effective immediately, and continuing to report to Miles, Gary Saunders is appointed Group Operations Director, a new interim position on the Group Management team of McBride plc. Gary has been with McBride for 4 years as MD of the Western Continental Europe Division before recently becoming Group Business Development Director. He has a wealth of experience from previous appointments with RHM, J Sainsbury, Cott and Nestl

Iain Napier Chairman commented

"Miles has been with McBride for 8 years and for the last 4 as Chief Executive. He has been instrumental in developing our business strategy and, more importantly, our business and management infrastructure. The Board believes McBride's robust financial performance reflects these changes and we are delighted that there is now strength and depth in the senior executive management team. It is confident that they will continue to drive the business forward positively.

"We are delighted that Miles will continue to remain with the Company until a successor is appointed or an orderly handover is effected."

Enquiries to:

Iain Napier, Chairman, McBride plc tele +44 (0)207 539 7850
Robert Beveridge, Company Secretary tele +44 (0)207 539 7855
Andrew Dowler, Financial Dynamics tele +44 (0)207 831 3113

This information is provided by RNS The company news service from the London Stock Exchange

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