Driver Group plc
16 July 2007
DRV.L
Driver Group plc
('Driver' or 'the Group')
Appointment of New Group Finance Director
Driver is delighted to announce that Colin White has been appointed to the Board
as Group Finance Director with effect from 1 October 2007. He takes over the
position from Peter Cove, who steps down from the Board but remains with the
Group as finance director of the Group's principal trading subsidiary, Driver
Consult.
Colin, aged 45, is a chartered accountant with over 20 years' experience in
financial roles. Colin was previously Group Finance Director of Scapa Group plc,
the AIM quoted global supplier of technical tapes and cable compounds, which he
joined in 2001, working there until November 2006. At Scapa Group, Colin jointly
developed and implemented a new strategy and business model which underpinned
the turnaround of the business. Between 1991 and 2001, Colin held a number of
senior financial and management roles at subsidiaries of TI Group plc, the
specialised engineering group which was acquired by Smiths Industries plc in
2000. Latterly at TI Group, he was Finance Director of Dowty Aerospace Division,
having been Finance Controller of Dowty North America and Finance and IT
Director of Dowty Hydraulics Ltd.
Colin qualified as a chartered accountant with Grant Thornton.
Commenting on the appointment, Steve Driver, Chief Executive, said,
'We are delighted to announce Colin's appointment as Group Finance Director.
Colin brings with him a wealth of financial experience and I am confident that
he will make a valuable contribution to the Group as we continue with our
ambitious growth plans.
I would also like to thank Peter for his hard work and contribution during his
time as Group Finance Director, especially during our float in 2005. I am
delighted that Peter will be remaining with us as finance director of Driver
Consult, our principal subsidiary.'
The following information falls to be disclosed under rule 17 and paragraph (g)
of Schedule Two of the AIM Rules for Companies:
During the past five years, Colin Meadows White has previously been a director
of Scapa Group plc, Porritts & Spencer Limited, Lindsay and Williams Limited,
Scapa Denver (North) Limited, Scapa Denver (South) Limited, Scapa Group Holdings
GmbH and Scapa Tapes Europe Limited.
There is no further information to be disclosed under Schedule Two (g) of the
AIM Rules for Companies.
For further information, please contact:
Driver Group plc Steve Driver, Chief Executive Officer 0870 873 7878
WH Ireland David Youngman 0161 832 2174
(Nominated Adviser)
Biddicks Katie Tzouliadis 020 7448 1000
This information is provided by RNS
The company news service from the London Stock Exchange