Retirement of Chief Executive

RNS Number : 8215A

Wilmington Group Plc

25 February 2014

 



25 February 2014                                        Wilmington Group plc

("Wilmington" or "the Group")

Wilmington Group plc announces retirement of Chief Executive

Wilmington Group plc today announces that Charles Brady has informed the Board of his intention to retire as Group Chief Executive.

A search process for his successor will be initiated by the Board and led by Wilmington's Chairman, Mark Asplin.  Charles will remain as Wilmington's Chief Executive while this search takes place before handing over to his successor as part of an orderly transition.

Charles joined the Board of Wilmington in 1999 after the Group acquired Central Law Group, the training business he founded in 1985.  He became Chief Executive in 2002 and has led the transformation of the Wilmington Group from a trade magazine and directory publisher focused primarily on the UK into a leading provider of information, compliance and education to professional markets. The Group is now a well-balanced business which is increasingly international, now employing over 850 people and with 35% of its business derived outside the UK.

Mark Asplin, Chairman of Wilmington Group plc, said:

"Charles has spearheaded the remarkable digital transformation of Wilmington into a strong focused and more agile business during a time of significant change in the media industry.  He has successfully moved Wilmington from a traditional UK print publisher to a digital subscription information and education provider to professional business markets.  The vast majority of the Group's current business has either been acquired or created during his twelve year tenure as Chief Executive.

On a personal note I have enjoyed working with Charles over many years and on behalf of the Board wish him all the very best for the future.

Until the right successor is in place, Charles will remain as CEO and we will work closely together to ensure a smooth handover when the time comes."

Charles Brady, Chief Executive of Wilmington Group plc, said:

"It has been a privilege to have led the Group over the past twelve years.  I have worked with many talented and creative people who have helped build a focused dynamic business.  I am incredibly proud of our achievements and would like to thank all of my colleagues, past and present, for their help, commitment and contribution.  Most importantly we have built a strong business based on high quality content and a strong presence in niche professional markets.  Wilmington is now an ambitious Group with a professional culture and an entrepreneurial spirit.

I feel that it is the right time to retire from a full time executive role and look forward to my next challenge.  In the meantime, it is business as usual."

-End-

For further information, please contact:

Wilmington Group Plc   Mark Asplin, Chairman Charles Brady, Chief Executive Tony Foye, Finance Director FTI Consulting Charles Palmer

020 7422 6800 020 7831 3113

Notes to Editors

Wilmington Group plc is one of the UK's leading providers of Information, Compliance and Education for professional business markets. The Group provides business intelligence, information, training, education, events and support services for a variety of markets including the accountancy, banking, charities, financial services, healthcare, insurance, legal, and pensions sectors. Capitalised at approximately £240 million, Wilmington floated on the London Stock Exchange in 1995.

 

END

 

 

BOAEAPALAEXLEFF