Directorate Change

RNS Number : 9655P

Northern Bear Plc

11 October 2011

 



11 October 2011

Northern Bear PLC

("Northern Bear" or the "Company")

Directorate Change

The board of directors of Northern Bear (the "Board") today announces the resignation of Graham Forrest, both as Chief Executive Officer ("CEO") and as a director of the Company, with immediate effect.

The Company will use the occasion of Graham's resignation to review the Board's composition and to ensure that the talent that exists within the business is being utilised most appropriately.  Howard Gold, Chairman of Northern Bear, will oversee this process, which will include, inter alia, the appointment of a new CEO.

The Company looks forward to announcing its interim results for the six months ended 30 September 2011 by 30 November 2011 at which time the Company will report that trading across all divisions is in line with management's expectations. 

**ENDS**

For further information contact:

Northern Bear Plc

Steve Roberts - Chief Financial Officer                        [phone]

Strand Hanson Ltd

James Harris / James Spinney                                     [phone]

Seymour Pierce Ltd

Katie Ratner / Paul Jewell / David Banks                      [phone]

 

END

 

 

BOAFFLFFFBFBFBD