John David Group (The) PLC
16 March 2004
16 March 2004
The John David Group Plc
Board Changes
The John David Group Plc (the 'Group') announces that Roger Best has resigned
today as Executive Chairman and as a Director of the Group by mutual agreement.
Roger Best was a non-executive Director from January 2002 and then became
Executive Chairman in May 2003. During his period as Chairman, Roger, together
with management, put in place a plan to return the business to significantly
higher profitability and the Group has made progress towards this.
John Wardle, non-executive Director, commented, 'We thank Roger for his
contribution as Executive Chairman and for leading the turnaround during a
challenging time for the business.'
Roger Best is succeeded as Executive Chairman, with immediate effect, by Peter
Cowgill who was previously Finance Director of the Group between 1996 and 2001.
Peter Cowgill contributed significantly to one of the most successful trading
periods in the Group's history. In respect of Peter Cowgill, there are no
additional matters to be disclosed pursuant to paragraphs 6.F.2 (b) to (g) of
the Listing Rules.
Peter Cowgill's first major task will be to lead the Board in considering all
strategic options for the Group.
As previously reported, the results for the year ended 31 January 2004 will be
at the lower end of market expectations.
The Group is pleased to report that trading in the first six weeks of the new
financial year has been encouraging and in line with the Board's expectations.
Enquiries to:
The John David Group Plc 0161 767 1000
Peter Cowgill
Hogarth Partnership Limited 020 7357 9477
Andrew Jaques/Tom Leatherbarrow
This information is provided by RNS
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