Appointment of Chief Financial Officer

RNS Number : 5702P

Quarto Group Inc

09 June 2015

 

9^th June 2015

THE QUARTO GROUP, INC

("Quarto" or the "Company" or the "Group")

Appointment of Chief Financial Officer

Quarto (LSE: QRT.L), the world's leading international illustrated non-fiction book publisher and distribution group, today announces the appointment of Michael Connole, FCA as Chief Financial Officer. Michael will take up his position on 1 September 2015, becoming a Board Director, and be responsible globally for Quarto's finance and group operations functions.

Michael is currently CFO of Global Radio Group, the UK's leading commercial radio group, a post he has held since 2008. Prior to that Michael was Group Finance Director at Chrysalis Group Plc, which he joined in 1997, initially as Group Financial Controller.

There are no disclosures required under paragraph 9.6.13(2)-(6) of the Listing Rules of the UK Listing Authority.

Marcus Leaver, Chief Executive Officer, said:

"The Board and I are very pleased to be able to welcome Michael to Quarto. Replacing a CFO of some 28 years standing has not been an easy task but Michael will be a significant addition to the Quarto team. His wide experience of media companies at Global and Chrysalis and before that at KPMG will be invaluable as Quarto moves forward in the dynamic marketplaces in which it operates. "

Michael Connole said:

"I am excited to be joining Quarto at this important time in its evolution.  I identify strongly with Quarto's core values of excellence, accountability and clarity and the key focus on publishing high quality books that have enduring appeal and produce consistent cash-flows. I am looking forward to helping Marcus and his excellent team of people as they strive to continue to grow profitability and deliver further shareholder returns."

For further information, please contact:

The Quarto Group                                   020 7700 9004

Marcus Leaver, CEO

Bell Pottinger                                          020 3772 2573

Elly Williamson

Lucy Stewart

About The Quarto Group

The Quarto Group (LSE: QRT) is the leading global illustrated book publisher and distribution group and is listed on the London Stock Exchange.  Quarto employs about 400 talented and creative people in four distinct but complementary businesses - Quarto International Co-Editions Group; Quarto Publishing Group USA; Quarto Publishing Group UK and Books & Gifts Direct, Australia & New Zealand.

The Group is well positioned in resilient segments of book publishing with rich reserves of Intellectual Property.  Quarto is uniquely positioned for growth as the industry adapts to new means of marketing, sales and routes to market.  The Group's headquarters are in London where the Company was founded in 1976.

 

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