Directorate Change

RNS Number : 3859S

Holidaybreak PLC

09 September 2010

 



Thursday 9 September 2010: For immediate release

HOLIDAYBREAK PLC

Directorate Change

Holidaybreak, the education, leisure and activity travel group, today announces the appointment of Neil Bright as Group Finance Director, with effect from 1 January 2011. Neil succeeds Bob Baddeley, who is retiring at the end of the year after more than 15 years with the Company.

Neil, 47, is currently group finance director at HMV Group plc. He joined HMV in August 1996 as group finance director from its parent company, Thorn EMI plc, and was appointed to the HMV board as finance director in March 1998. He is a chartered accountant, having qualified with Coopers & Lybrand in London. Neil was appointed as a Non-executive Director of Holidaybreak plc on 27 November 2008 and became Chairman of the Audit Committee on 1 January 2009.

Following the announcement of these changes, the Company will begin an external search for a new Non-executive Director who can take up the position of Chairman of the Audit Committee.

Martin Davies, Group Chief Executive, said:

"I am delighted that Neil has agreed to take up the position of Group Finance Director as we look to take the Group forward and enhance our prospects for profitable growth. His time at HMV gives him extensive experience in a consumer-facing and international business. Moreover, having been on the Holidaybreak Board since 2008, Neil is already an important member of the team and has an excellent understanding of the Group and of management's strategy."

"At the same time, we are sad to be saying goodbye to Bob, who has given the Group such sterling service since March 1995. I know that I speak for everyone in Holidaybreak when I wish him a long and happy retirement."

Neil Bright said:

"As a Non-executive Director of Holidaybreak for the past 20 months, I have enjoyed contributing to the development of the Group. I am now delighted to be joining the executive team to help drive further progress under the leadership of Martin at this exciting time for the Company".

Enquiries:

Holidaybreak  

Martin Davies                                                                                      [phone]

Brunswick

Craig Breheny, Oliver Hughes                                                            [phone]

Note to Editors

Holidaybreak (HBR.L) is an education, leisure and activity travel group listed on the London Stock Exchange. The Group's four operating divisions have market leading positions in the UK and other major European markets, organising educational and activity trips for UK school children, short breaks in the UK and Europe, worldwide adventure holidays and mobile-home and camping holidays on sites throughout Europe. For more information, please go to www.holidaybreak.co.uk.

 

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