Appointment of Chairman

RNS Number : 9383G

SThree plc

10 February 2010

 



For Immediate Release                                                                                          10 February 2010

SThree plc

("SThree" or the "Group")

Appointment of Non-Executive Chairman

SThree, the international specialist staffing business, announces that it has appointed Clay Brendish, CBE, as Non-Executive Chairman, with effect from 1 May 2010. Clay succeeds Sir Anthony Cleaver, who retires at the AGM on 23 April 2010. He will also chair the SThree Nomination Committee.

Clay, age 62, is Non-Executive Chairman of Anite plc and Echo Research Limited. Prior to his retirement in May 2001, he was Executive Deputy Chairman of CMG (now part of LogicaCMG), having joined the board when it acquired Admiral plc, the software services company he co-founded in 1979.

He is a trustee of Economist Newspapers Limited and Director of The Test and Itchen Association Limited. Clay's other Non-Executive Directorships are BT Group PLC and Herald Investment Trust plc and he also acted as an adviser to the Government on the efficiency of the Civil Service.

Sir Anthony Cleaver, Chairman commented: "Clay has a vast breadth of business knowledge and we are delighted to welcome him as Chairman of SThree.  His particularexperience within entrepreneurial, niche-technology environments, combined with his governmental and international exposure, will only serve to strengthen our Board. Whilst I am very sad to be stepping down, I know that I leave the Board in a strong position to take full advantage of global expansion opportunities."

There are no additional details relating to this appointment that are required to be disclosed pursuant to paragraph 9.6.13 (1-6) of the Listing Rules.

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Enquiries:

SThree plc	020 7292 3838
Russell Clements, Chief Executive Officer
Sarah Anderson, Deputy Company Secretary/IR queries
Citigate Dewe Rogerson	020 7638 9571
Kevin Smith/Nicola Smith

Notes to editors

SThree, founded in 1986, is one of the leading international specialist staffing businesses, providing permanent and contract specialist staff to a diverse client base of well over 7,000 clients. From its well-established position as a major player in the information and communications technology ("ICT") sector the Group has further broadened the base of its operations by building fast-growing businesses serving the accountancy & finance, banking, engineering, oil & gas, pharmaceuticals, human resources, energy, legal and job board sectors.

Following the establishment of its first business, Computer Futures, in 1986, the Group has adopted a multi-brand strategy, establishing new operations to address growth opportunities. SThree operates through a number of brands, the largest of which are FS Group (Computer Futures/JP Gray), Huxley Associates and Progressive and has 1,600 employees in eleven countries.

SThree has a selective approach to clients and focuses on high margin opportunities, predominantly within the small to medium-sized enterprises ("SME") market. From its inception the Group has avoided the high volume/low margin business model in favour of a focus on high quality business.

SThree plc is quoted on the Official List of the UK Listing Authority under the ticker symbol STHR and also has a US level one ADR facility, symbol SERTY.

 

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