Directorate Change

RNS Number : 8695C

RM PLC

23 November 2009

 



23 November 2009

RM appoints new Chief Financial Officer

RM announces the appointment of Iain McIntosh as Chief Financial Officer, in succession to Mike Greig who will retire and leave the Group's Board on 31 March 2010. 

Iain will join RM on 30 November 2009. He will take over as Chief Financial Officer and be appointed to the Board on 1 April 2010, which will allow an orderly handover period.

Iain McIntosh (46) most recently served as Chief Financial Officer of Axon, the FTSE 250 business transformation consultancy, from 2006 to 2009. He oversaw a strong period of business growth there, culminating in Axon being acquired by HCL Technologies. A Chartered Accountant, he has previously worked in corporate finance in the UK and United States, spent four years as a management consultant with McKinsey & Co, and served as CFO of a number of listed and unlisted services and outsourcing groups. 

Mike Greig (53) was appointed to RM's Board as Finance Director in 1989. He was appointed Chief Financial Officer at the time of the Group's listing in 1994. He is retiring to dedicate himself to a number of charitable and other projects in which he is already closely involved.

John Leighfield. Chairman of RM, said:

"We are delighted that Iain McIntosh is joining us as Chief Financial Officer. His considerable experience in the sector and proven focus on shareholder value creation will be beneficial to all of our stakeholders.

"On behalf of the Board, I would like to thank Mike for the inestimable contribution he has made to RM during his 20 years in the role. His insight and sound commercial judgment have helped transform RM from a privately-held computer manufacturer into the international education solutions business it is today. He leaves RM with an excellent reputation for sound finances and in a strong position to deliver future growth."

No further information is required to be disclosed pursuant to paragraph 9.6.13 R of the UK Listing Rules.

For further information, please contact: 

Terry Sweeney/Phil Hemmings, RM plc	08450 700300
Andrew Fenwick, Brunswick	020 7404 5959

Notes:

1. The RM Group is a leading provider of educational solutions that help teachers to teach and learners to learn. RM works closely with educationalists to create new products, processes and technology which improve education. RM is listed on the main market of the London Stock Exchange under the symbol RM.L, ISIN GB0002870417. Further details are available at ww.rm.com/investors and through the Group's investor blog at rminvestors.wordpress.com
   
   
2. Iain McIntosh qualified as a Chartered Accountant with Deloitte Haskins and Sells (now PricewaterhouseCoopers) and is a Fellow of the ICAEW. Following qualification, he spent four years as a management consultant with McKinsey & Co, and then held a number of senior finance positions in listed and unlisted companies including CFO of Liberata plc from 2001-2003 and Alexander Mann Group from 2004-2006. He has an MA in PPE from New College Oxford.

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