Directorate Change

RNS Number : 8243L

Parity Group PLC

06 October 2016

 

Parity Group PLC

6 October 2016

Parity Group plc ("Parity "or the "Group")

Director Changes

The Board of Parity Group plc announces changes to its Board to align further the Group to its new growth strategy.

Neal Ransome steps down from the Board as from today's date. The Board wishes to thank Neal for his hard work over the last three years. David Firth, who joined the Board on the 14 September 2016, will today take over as Chairman of the Audit Committee.

Furthermore, the Group announces that Lord Freeman will retire from the Board in the next few months following nine years of exceptional commitment to the Group. Lord Freeman will work with Parity to ensure that his successor has the skills and experience required to continue improving shareholder value. A further announcement will be made once a successor has been appointed.

Alan Rommel, Chief Executive Officer, commented: "The Board would like to thank both Lord Freeman and Neal Ransome for their hard work and dedication over the years, in particular in supporting the recovery of the core business to profitability."

Enquiries:

Parity Group PLC

Alan Rommel CEO 

Roger Antony GFD                                                                                           0208 543 5353

MHP Communications

John Olsen    

Kelsey Traynor                                                                                                 020 3128 8100

Investec Bank PLC

Andrew Pinder

Patrick Robb

Dominic Emery                                                                                               020 7597 5970

END

 

END

 

 

BOALFFIIILLEIIR