Michael Page International PLC
16 December 2005
16 December 2005
CHIEF EXECUTIVE ANNOUNCEMENT
Michael Page International plc announces that Terry Benson has given the Board
notice of his intention to stand down as Chief Executive at next year's Annual
General Meeting and to retire from the Company at the end of 2006. Stephen
Ingham, currently Managing Director of Michael Page's UK business and a member
of the Board, has been appointed Chief Executive Designate with immediate
effect.
Steve Ingham, 43, joined Michael Page in 1987 as a consultant with Michael Page
Marketing and Sales. He was responsible for setting up the London marketing and
sales business and was promoted to Operating Director in 1990. He was appointed
Managing Director of Michael Page Marketing and Sales in 1994. Subsequently he
has taken additional responsibility for Michael Page's Retail, Technology, Human
Resources and Engineering businesses. He was promoted to Executive Director of
UK operations and joined the Board in January 2001. In May 2005 he was promoted
to Managing Director - UK.
Terry Benson, 54, joined Michael Page in 1979 and was appointed Chief Executive
of the Group in 1993. Since his appointment as Chief Executive, Michael Page
has expanded from a business primarily focused on the UK to a global business
operating in 18 countries.
Commenting, Adrian Montague, Chairman, said:
"Under Terry's leadership over the past 12 years, Michael Page has expanded its
geographical presence, fostered a strong team culture and become one of the
world's leading brands in the specialist recruitment sector. The Board is
extremely grateful to Terry for the enormous contribution he has made to the
Company's success and we wish him well for the future.
"Michael Page has a rich history of developing its people and we are delighted
to be able to appoint Steve Ingham as Chief Executive Designate. Terry and
Steve will work together until the AGM next year to ensure an orderly handover."
Trading during October and November was in line with the Board's expectations.
Michael Page will announce its 2005 fourth quarter and full year trading update
on 6 January 2006 and its preliminary results on 1 March 2006.
Enquiries:
Michael Page International plc
Adrian Montague, Chairman 020 7269 7291
Financial Dynamics
Richard Mountain/David Yates 020 7269 7291
This information is provided by RNS
The company news service from the London Stock Exchange
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