Directorate Change

RNS Number : 9310Q

Altitude Group PLC

21 April 2009

 



Altitude Group plc

Altitude Group Announces Directorate Change

Altitude Group ('Altitude' or 'the Group'), the promotional merchandise and marketing solutions group, announces that Craig Slater its Chief Executive Officer has today tendered his resignation from the Board. In order for there to be an orderly handover of executive duties there will be a period of transition before Craig departs the Group.  Martin Varley has agreed to assume the role of Chief Executive Officer of Altitude Group, effective immediately, while a longer term review of the appropriate structure for the business is completed. 

Tim Sykes, the Finance Director of Altitude Group, has today also tendered his resignation from the Board. The services of Tim Sykes are provided by Penta-FD, an outsource service provider, and Tim will continue in the operational role while a replacement is identified.

Colin Cooke (Chairman), said:

'The Board would like to thank Craig Slater and Tim Sykes for their contribution over the past 18 months and 15 months respectively. Altitude Group has an experienced and dedicated executive and non-executive team who are well equipped to deliver maximum shareholder value in the current economic climate, and beyond.  We wish Craig and Tim every success for the future.'

Enquiries:

Altitude Group plc

[phone]

Colin Cooke - Chairman

Daniel Stewart & Company plc

[phone]

Simon Leathers / Charlotte Stranner

 

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