City Centre Restaurants PLC
8 May 2001
CITY CENTRE RESTAURANTS PLC
('City Centre Restaurants' or 'the Group')
Appointment of New Finance Director
The Board of City Centre Restaurants today announces the appointment of Andrew
Page, aged 42, as Finance Director, to become effective in June. This follows
last week's announcement that John Wittich has resigned by mutual agreement
with the Board.
Andrew Page is an experienced leisure industry operator. From 1994 to 1998, he
headed up the Corporate Finance function at the InterContinental Hotels Group
where he was responsible for financing, strategy and business development. He
subsequently went on to become Group Finance Director of Hanover International
PLC (1998 - 1999), the quoted four star hotel and leisure club business.
Currently, he is Finance Director and Chairman of the Investment Committee of
Greenchip Investments plc, an 'incubator' specialising in intellectual
property technologies.
Andrew Page qualified as a chartered accountant with Peat, Marwick Mitchell
and Co and gained experience with County NatWest's Corporate Advisory
department and Kleinwort Benson's Corporate Finance department before moving
into the leisure sector.
Alan Jackson, Executive Chairman of City Centre Restaurants, commented:
'I am delighted to welcome Andrew to the Board. His previous experience within
the leisure industry will further complement the existing management team at
City Centre Restaurants and will prove invaluable as we continue to implement
the necessary action to restore shareholder value.'
8 May 2001
ENQUIRIES:
City Centre Restaurants plc Tel: 020 7747 7750
Alan Jackson, (Executive Chairman)
Andrew Guy, Chief Executive
College Hill Tel: 020 7457 2020
Matthew Smallwood
Justine Warren
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