Business
Trading Update & Board Change
Trading Update & Board Change.
About this update from Churchill China Plc
[{"type":"text","content":"\n Churchill China PLC\n12 January 2007\n\n\nFor Immediate Release 12 January 2007\n\n\n\n\n CHURCHILL CHINA PLC\n\n\n TRADING UPDATE and BOARD CHANGES\n\n\nFollowing a satisfactory sales performance in the key end of year trading period\nthe Board of Churchill China plc expects to achieve current market forecasts for\npre-tax profit for the year to 31 December 2006. Operating cash generation has\nalso been strongly positive in the second half of the year.\n\nStephen Roper (64), Non-Executive Chairman since 2000, is to retire from the\nBoard at the Annual General Meeting in May this year. Since joining the Group in\n1960 he has worked in a variety of sales and management roles. Mr Roper will\ncontinue in a consultative capacity assisting with the further development of\nthe Group's US hospitality business. The Board would like to take this\nopportunity to thank Stephen for his leadership, energy and commitment\nthroughout his time with the Group.\n\nJonathan Sparey (49), who joined Churchill in 2000 as a Non-Executive Director\nwill succeed Mr Roper as Chairman. Mr Sparey is currently a senior partner in\nL.E.K Consulting LLP, a leading international corporate strategy firm, and was\npreviously a Director of the merchant bank Samuel Montagu and Co. No further\ndisclosures are required to be made in relation to Jonathan under schedule 2 (g)\nof the AIM rules.\n\nThe Group expects to announce its Preliminary Results for the year ended 31\nDecember 2006 on 22 March 2007.\n\n\n\nFor further information please contact:\n\n\nCHURCHILL CHINA PLC Tel: 01782 577566\nStephen Roper, David Taylor\n\nBUCHANAN COMMUNICATIONS Tel: 0207 466 5000\nTim Anderson, Rebecca Skye Dietrich\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2058,"tagName":"div"}]