Surgical Innovations Group PLC
10 April 2000
SURGICAL INNOVATIONS GROUP PLC
MAIN BOARD CHANGES
The Board of Surgical Innovations Group plc today announces
that it has amicably agreed with Ian Lomas that he will step
down as Managing Director with Immediate effect. The Board
would like to thank Ian for his valuable contribution
to the Company in its formative years and wish him every
success for the future.
Stuart Moran, 36, is to be appointed to the Board as Technical
Director. Given the innovative nature of the business it has
become desirable to have a technical representative on the
main Board. Stuart has been with Surgical Innovations
virtually since its inception and the Board believes his
experience and knowledge will be of significant benefit as the
Company moves forward.
It is the intention of the Board to appoint a new Managing
Director with relevant experience as soon as is practicable.
However, in the meantime Doug Liversidge, Non-Executive
Chairman, who has extensive experience in the healthcare
industry, will be devoting additional time to the Company
whilst Graham Bowland, Finance Director together with Stuart
Moran will be sharing the responsibilities of running the
Company.
Regards current trading, ION Product Solutions, the division
which offers design and manufacturing services, continues to
progress and currently is in discussions with a number of
major healthcare companies in regard to product development
projects. Also, the royalty income from Genzyme continues to
increase. Overheads continue to be monitored with a view to
providing the Company with a stable and profitable base.
For further information
Keeley Middleton Doug Liversidge, Chairman
Citigate Dewe Rogerson Graham Bowland, Finance Director
Tel: 0113 297 9899 Surgical Innovations Group plc
Tel:0113 230 7597