Board Changes

RNS Number : 1826O

John Lewis Of Hungerford PLC

03 November 2016

 

John Lewis of Hungerford plc

Board changes

John Lewis of Hungerford, manufacturer and retailer of prestige kitchens and bedroom furniture, announces the resignation of Mr Kenneth McNaught as a non-executive director of the Company and the appointment of Mr Gary O'Brien as his replacement as Chairman with immediate effect.

Mr McNaught had decided not to put himself forward for reappointment as Chairman at the next AGM due to the time commitment he considered the role required which conflicted with his other responsibilities.

Mr O'Brien worked with companies such as Allied Lyons, Granada Group and Black & Decker and has over 15 years public company experience.  He joined Max Factor in 1982 as Deputy Managing Director and Finance Director. Already experienced in business transformation, Gary built Max Factor into one of the most profitable divisions in the worldwide operation at the time.  He moved on to join the Board of the Burton Group in 1986 before joining the Signet Group as Group Finance Director in 1990.  More recently he has focussed on working with smaller businesses and has been involved in a management and advisory capacity within corporate finance, telecommunication, IT and financial services marketing businesses. He is currently involved in the Internet, Retailing and Property arenas.  Mr O'Brien is a member of the Chartered Institute of Management Accountants and the Institute of Directors.

John Lewis, founder and non-executive director, said 'We are sorry to see Ken leave the Company and I would personally like to thank him for the contribution he has made in the period he has been with us. We are however pleased to be able to announce his replacement Gary O'Brien who has a strong finance background but also a wealth of experience in consumer goods and high street retailing in some of the UK's most recognised and successful businesses.'

Enquiries:
John Lewis of Hungerford plc
John Lewis , Non Executive Director	01235 774 300
Smith & Williamson Corporate Finance Limited
Martyn Fraser	0117 376 2213
Katy Birkin	0207 131 4000

Gary O'Brien (aged 66) has been a director of the following companies during the five years preceding the date of this announcement:

Current directorships	Previous directorships
Chiltern Glasgow Developments Limited	Chiltern Management Limited
Cresney Limited	C Management Limited
T D I Corporation Limited	Cm Event Management Limited
Cepacs (Europe) Limited	Facia Limited
Cepacs Construction Limited	Buckingham Lofts Management Limited
Cepacs Homes Limited	S B&T (UK) Limited
International Social Commerce Limited	Chiltern Overseas Limited
First Partner Solutions Limited	Geraldonline Limited
Tci Infrastructure (Africa) Limited
Winter Hill Fifty Five Limited

Mr O'Brien was an executive director of Facia Limited at the time it was placed into administration in May 1996.  A liquidator was appointed subsequently.

No further information is required to be disclosed pursuant to Schedule Two paragraph (g).

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

END

 

 

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