Board Appointment

RNS Number : 7438I

Leeds Group PLC

30 March 2015

 

Leeds Group plc

("Leeds Group" or the "Company")

Board Appointment

The Board of Leeds Group is pleased to announce the appointment of Jörg Hemmers as an executive director of the Company with immediate effect.

Jörg has over 25 years' experience in the wholesale and retail textile business, having started his career as a partner of Hemmers GmbH.  During this time, he rapidly and profitably grew the business after being one of the first in the trade to realise the potential of sourcing products from China. Leeds Group acquired the Hemmers wholesale operation in 1999 and appointed Jörg as Managing Director. Jörg retained a financial interest in the retail operation until 2010, but has since focused entirely on profitable growth of the wholesale business.

Amongst his achievements is the successful integration in 2003 of the Leeds Group Itex business, based in Holland, to create Hemmers/Itex GmbH, and the successful acquisition and integration of KMT, a small wholesaler in 2006.  In 2007, Jörg successfully established ChinohTex, a subsidiary based in Shanghai which continues to grow profitably.

With a proven track record of delivering profits and building business, Jörg has a strong knowledge of the industry and of Leeds Group.

Jan Holmstrom, Non-Executive Chairman of Leeds Group, commented:  

"I am delighted to welcome Jörg to the Board of Leeds Group plc. His appointment recognises our strategic goal to grow the business, both organically and through carefully targeted acquisitions or investments, such as the recent Stoff-Ideen-KMR GmbH joint venture."

The following information is disclosed pursuant to Schedule 2(g) of the AIM Rules for Companies:

Jörg Helmut Hemmers, aged 48, has held the following directorships or partnerships in the past 5 years:

Current	Past
Hemmers/Itex Textil Import GmbH Stoff-Ideen-KMR GmbH Hemmers & Konjer GmbH & Co KG Hemmers & Konjer Beteiligungs- und Verwaltungs-GmbH Hemtex GmbH	Der Stoff GmbH Der Stoff Stoffhandels-GmbH

Mr Hemmers does not currently own any shares in the Company.

There is no further information to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.

For further information:

Leeds Group plc	Tel: [phone]
Malcolm Wilson
Cairn Financial Advisers LLP	Tel: [phone]
Nominated Adviser Tony Rawlinson

 

END

 

 

BOAPKODPQBKDDNB