Senior PLC
21 March 2000
Senior plc ('Senior' or 'the Company')
Board Changes
The Board of Senior announces that it has accepted the resignation of Andrew
Parrish as Group Chief Executive with immediate effect. This step will allow
Mr Parrish to pursue a possible offer for the Company in conjunction with
financial backers without any conflict with his previous role as Group Chief
Executive.
The Board is pleased to announce the appointment of Graham Menzies as Group
Chief Executive with immediate effect. Mr Menzies was previously Group Chief
Executive of Adwest Plc until its sale to Dura Automotive Systems in 1999.
Adwest was a tier one automotive components manufacturer with a turnover of
£250 million, and profits of £21.4 million.
Mr Menzies holds graduate and post-graduate qualifications in Mechanical
Engineering and Machine Tool Technology. He held senior management positions
at Stone Platt Plc and Fenner Plc before joining Adwest in 1985 where he was
Director of the Automotive division and Group Managing Director before
becoming Group Chief Executive in 1994. He is currently a non-executive
director of St Ives Plc.
Senior remains in active discussions with a small number of parties who may or
may not make an offer for the Company. A further announcement will be made in
due course.
Commenting on the appointment, Dr Alan Watkins, Chairman of Senior, said:
'I am delighted to welcome Graham Menzies to the Board as Group Chief
Executive. We look forward to working with Graham to develop Senior's
business in the interests of customers, employees and shareholders.'
For further information, please contact:
Finsbury 0207 251 3801
James Murgatroyd
Morgan Bone
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