Directorate Change

RNS Number : 3373P
Airea PLC
24 March 2009
 

AIREA plc ('AIREA' or 'the Group')

24 March 2009

Directorate appointment

AIREA is delighted to announce the appointment of Martin Toogood, 62, as a non-executive director of the Group with effect from 1 April 2009.  Martin has considerable experience at executive and non-executive level, most recently with ILVA in Scandinavia & the UK, B&Q in the UK, Carpetright in the UK Europe and Habitat in the UK internationally.


Martin has held a number of Senior Executive positions in the retail sector which include: 

ILVA/AS Chairman & Chief Executive 2003-2007

Kingfisher Plc Chief Executive - General Merchandise 2000-2001

B&Q UK Chief Executive 1998-2000

Managing Director B&Q Plc 1997-1998


During his time as Chief Executive of B&Q the company received the 'Retailer of the Year' and 'Retail Employer of the year' awards from Retail Week.  Between 2001 2003 Martin worked with a number of private equity houses on the acquisition of various retail organisations in Europe.


Current directorships:

Hardwick Grove Management Services Limited


Directorships held within the previous five years:

Cadogan Entertainment Investments Limited

Carpetright Plc 

Ilva Furniture Limited

Ilva Property (Manchester) Limited


Mr Toogood was a director of Signpost Ventures Limited which was dissolved in 2002.


There are no further disclosures required to be made in respect of Mr Toogood with regard to Schedule 2(g) of the AIM rules. 


Tim Vernon, Chairman said:


'We are delighted to welcome Martin to the Board of AIREA.  He brings with him a wealth of retail and senior level business experience.  We believe that his wide ranging UK & international experience will add new impetus to AIREA's ambitious plans for the future.'


For further information please contact:


AIREA plc                                                                                                01924 266 561

Tim Vernon - Chairman

Kevin Henry - Group Finance Director & Company Secretary


Brewin Dolphin Investment Banking                                                           0845 213 4730

Andrew Kitchingman

Sean Wyndham-Quin


ENDS



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