Retirement of Director

RNS Number : 9804M

Quarto Group Inc

13 May 2015

 

THE QUARTO GROUP, INC

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

Retirement of Director

Quarto (LSE: QRT.L), the world's leading international illustrated non-fiction book publisher and distribution group, today announces the retirement of Mick Mousley, its long-standing Chief Financial Officer, after twenty-eight years with the company.  The Board has commenced an executive search for the role, with the intention of making an announcement soon. Mick will continue in the role until such time his successor can commence.

Marcus Leaver, Chief Executive Officer, said:

"I could not have asked for a more committed, hard-working and helpful partner in the time since I have been CEO, a sentiment I know my predecessor shares.  The enormous contribution Mick has made to The Quarto Group, its history and each one of its people over the years can never be underestimated.  I am grateful he will stay on until we find a replacement.  On behalf of everyone at Quarto in our businesses around the world, I wish Mick, Diane and their family only the best in the future."

Mick Mousley, Chief Financial Officer, said:

"Laurence Orbach persuaded me to join The Quarto Group in 1987 and when he left in 2012 it would have been a very easy decision for me to depart then.  However, after the upheaval of Laurence's departure I felt it was important to provide stability and support to both Marcus, who I knew I could work with and the staff of Quarto.  I now believe the ship is steady, with good leadership and it is the right time for me to move on to have more time for myself, Diane and my family who have been a great support to me. Now is the right time to allow someone new to take the reins.  I would like to thank staff throughout The Quarto Group for their commitment and unstinting support over the past 28 years."

For further information, please contact:

The Quarto Group	020 7700 9004
Marcus Leaver, CEO
Mick Mousley, CFO
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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