Directorate Change

RNS Number : 5729J

Animalcare Group PLC

01 April 2010

 



Animalcare Group plc

("Animalcare" or the "Group")

Board Changes

Animalcare, the supplier of pharmaceutical and other premium products and services to the veterinary industry and the manufacturer and supplier of livestock products to agricultural retailers, announces a number of board changes to better reflect the growing importance of the veterinary medicine business within the Animalcare Group.

After 5 years with the Group and following the successful integration of Animalcare Ltd, the Group's rapidly growing veterinary supplies business, with immediate effect Simon Riddell will stand down as Chief Executive of Animalcare Group and will be replaced by Stephen Wildridge, currently Managing Director of Animalcare Ltd.

The new appointment reflects the increasing significance of the veterinary medicine business, which now accounts for over 80% of Group profits and the need for a Chief Executive with strong veterinary pharmaceutical experience to support the development plans for the Group.

John Tobin currently Financial Director will remain on the Board as Commercial Director with responsibility for the operations and services functions of the agricultural businesses. Peter Warner currently Group Financial Controller will continue in this position for the time being, with responsibility for the Group's finance function.

James Lambert, Chairman of Animalcare Group plc, commenting on the changes said:

"I would personally like to thank Simon Riddell for the role he has played in the last 5 years in transforming the old Ritchey business into the rapidly growing veterinary medicine business which it is today.

"Stephen Wildridge has managed the Animalcare business for the past seven years and is responsible for its very successful drug development programme. Before that he worked in senior roles in life sciences businesses, including agriculture, for more than 25 years. I believe Stephen has the knowledge and management experience to continue the rapid growth of the Animalcare business."

Commenting on current trading, James Lambert said:

"We are very pleased to report that current trading, after nine months of our current financial year, is in line with expectations."

Contact:

Animalcare plc
James Lambert (Chairman)	Tel: [phone]
	Mob: [phone]
Brewin Dolphin Investment Banking (NOMAD)
Neil Baldwin	Tel: [phone]
Adam Rudd	Tel: [phone]
Walbrook PR Ltd (Financial PR)	Tel: [phone]
Paul McManus	Mob: [phone]
	[e-mail]

 

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