Board Changes

RNS Number : 7510Q

RM PLC

25 October 2011

 



25 October 2011

RM plc

Board Changes

Following completion of the strategic and operational review announced on 29 September 2011, the Company is now actively engaged in implementing the necessary actions and satisfactory progress is being made. Subsequent to the review Terry Sweeney has decided that now is the right time to pursue his career outside RM. By mutual agreement, Mr. Sweeney has resigned as Chief Executive Officer and a director of RM with immediate effect. The Board would like to thank Mr. Sweeney for his 13 years of service to RM and his considerable contribution to the Company during that period.

Martyn Ratcliffe has been appointed Executive Chairman. Mr Ratcliffe was appointed non-executive Chairman on 1 June and led the strategic and operational review of the Group.

On 29^th September 2011 RM announced that Rob Sirs had decided to leave the Company after 21 years of service. The Board is pleased to advise that Mr Sirs will now remain with the Company as Group Managing Director, reporting to the Executive Chairman and responsible for the Group's operating businesses. Mr Sirs has been reappointed to the Board. Mr Sirs joined RM in 1990 and has extensive experience of the Group's operations.

Contact:

RM plc	08450 700300
Martyn Ratcliffe, Chairman
Iain McIntosh, Chief Financial Officer
Andy Robson, Company Secretary
FTI Consulting	020 7831 3113
James Melville-Ross
Sophie McMillan

ENDS

 

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