Information  X 
Enter a valid email address

ISA International (ISA)

  Print      Mail a friend       Annual reports

Monday 10 December, 2001

ISA International

Re Directorate

ISA International PLC
10 December 2001

                                                              10 December 2001

                            ISA International plc

ISA International plc ('ISA') announces that Mr DA Heap has given notice of
his intention to resign as Chairman and Director of the Company.

David Heap commented:

'My main objectives, when I returned as Chairman three years ago, were to
reverse the strategic direction of the Company, returning to a focus on core
competencies; and also to recruit a strong executive management team to drive
the business forward. Although it subsequently became clear that the problems
in the Group were much more serious than I had at first envisaged, these main
objectives were achieved.

'Firstly, the disposal of John Heath (Holdings) Ltd. to Kaye Office Supplies
Ltd. ('Kaye'), in late 1999, realised £19 million in cash whilst retaining an
opportunity to share in future benefits when Kaye completes the significant
restructuring process that is currently underway.

'Secondly, I am confident that the Executive Directors I recruited to ISA have
the requisite skills and capabilities to complete the Company's recovery

'Regrettably, for personal reasons, I am no longer able to devote the time I
feel is required to carry out the role of Executive Chairman effectively.
Therefore, having secured the future of the Group by the strategic alliance
with Daisytek International Corporation, by mutual agreement I will formally
leave the Board on 31 December 2001.'

The Board will now seek a suitable replacement. Further announcements will be
made in due course.

                                   - Ends -


ISA International plc                      01274 892007

Bruce Robinson, Chief Executive Officer

Mike Murphy, Chief Financial Officer

Weber Shandwick Square Mile                020 7601 1000
Louise Robson / Susanne Walker


a d v e r t i s e m e n t