Gleeson(M J)Group PLC
03 January 2007
MJ GLEESON GROUP PLC
Appointment of Group Chief Executive
Gleeson (GLE.L) announces that Paul Wallwork ACA, 44, Interim Group Chief
Executive since July 2006, has been appointed Group Chief Executive with
immediate effect.
Paul Wallwork joined the Group as Finance Director in January 2006. He was
formerly at Inchcape, where he was the Managing Director of a business unit of a
similar size to the restructured Gleeson Group, having originally trained as an
accountant with Arthur Young, qualifying as an ACA.
Chairman Dermot Gleeson said: 'Paul has overseen much of the successful
implementation of the revised corporate strategy announced in March 2006, which
was principally designed to reduce the Group's exposure to contracting in the
construction sector and to strengthen its position in the three related areas of
urban housing regeneration, commercial property development and strategic land
trading. Following a search involving external consultants, we are confident
that Paul is the correct choice to continue delivering the transformational
change which our new strategic vision requires.'
Mr Gleeson added: 'Pending the outcome of a competitive selection process
involving external consultants, Chris Holt will continue to act as Interim
Finance Director.'
Photographs:
Photographs of Paul Wallwork are obtainable from Ian Payne of Bankside
Consultants on 020-7367 8853 / ian.payne@bankside.com.
Enquiries:
M J Gleeson Group plc
Dermot Gleeson (Chairman) 07785-708 096
Paul Wallwork (Group Chief Executive) 07715-042 480
Bankside Consultants Limited
Charles Ponsonby 020-7367 8851
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