Board Changes

CSS Stellar PLC 22 July 2003 CSS Stellar plc ('CSS Stellar' or 'the Group') Board changes and organisation of businesses CSS Stellar, the AIM listed sports and entertainment management and marketing group, today announces changes to the Board and other matters, which will be effective immediately. The Group Board will now comprise: John Webber, Chairman, with Julian Jakobi becoming Deputy Chairman and Joint Chief Executive. Sean Kelly becomes Joint Chief Executive and Kevin Rose, currently chief financial officer of the Group's North American operations, is appointed Finance Director and Treasurer, combining the two roles for the first time. Peter Owen remains a non-Executive Director of the Group. Julian Hill leaves the Group Board to become executive chairman of the Events Services division. As reported at the Annual General Meeting in May, the Group continues to make progress in challenging markets. The building blocks are now in place for the Group to become pre-eminent globally in the sports and entertainment industry. As a result, the Board believes the time is right to formalise the structure into international operating divisions, allowing each business practice area to grow most effectively. This reorganisation is made easier since the majority of the acquisitions have concluded their earn-outs. Going forward, the Group's operating divisions will be: Talent Management - PFD and the Stellar sports management businesses will be merged. Marketing - this will incorporate the GEM Group, the CSS Stellar European Sponsorship sales division and The Sponsorship Consultancy. TV and Multimedia - CSS Television will be merged into Target Entertainment. Events Services - Icon is to be merged with ARB and Backporch. All Group business will continue to be accounted for regionally in Europe, North America and Asia, where the Group has recently opened a Beijing office. The activities of the holding company will now be distinguished from those of the global operating divisions. Holding company responsibilities will encompass: defining corporate and financial strategy (including the allocation of investment monies and resources to expand the Group); developing employee incentivisation programmes; handling communication with investors; and overseeing all day to day operations. The Group Board has also established a Global Executive Group, which will have responsibility for the implementation of Group strategy and managing and maximising opportunities for the businesses within the operating divisions outlined above. The Global Executive Group will be chaired by Sean Kelly, who will be accountable for its operations to the Group Board. He will be assisted by Kevin Rose as finance director. John Webber commented on the changes: 'As we announced at the beginning of 2003, we have focussed attention on developing and integrating the acquisitions made since flotation some two and a half years ago. During this period there has been significant growth as the Group's turnover has quadrupled.' 'I am confident the revised board and new operational structure will greatly improve our ability to maximise commercial opportunities within the Group, allowing us to become a global force in the high profile sports and entertainment industry. Success will generate longer term value for our shareholders, both internal and external.' Enquiries: CSS Stellar - 020 7078 1400 John Webber Julian Jakobi Sean Kelly This information is provided by RNS The company news service from the London Stock Exchange
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