De Vere Group PLC
05 September 2005
5th September 2005
DE VERE GROUP PLC
De Vere Group PLC announces the appointment of Matthew Fearn as Group Finance
Director. He will join De Vere in November. He succeeds Roger Stubbs who will
retire at the end of the year. Roger Stubbs has been Finance Director since
December 1999 and joined the group in 1979.
Matthew Fearn joins De Vere Group with an excellent track record in the hotel
and leisure sector, having held numerous senior finance roles within Whitbread
plc, most recently as Corporate Finance Director. Prior to this, he was Finance
Director of David Lloyd Leisure.
Peter Daresbury, Chairman, said: "We are delighted that Matthew Fearn is joining
De Vere at such a key stage in its progression. I am sure Matthew's significant
sector and financial experience will prove invaluable in helping to deliver on
our strategic objectives."
"On behalf of the Board I would also like to take this opportunity to thank
Roger Stubbs for his enormous contribution to De Vere over the past 26 years and
to wish him well in his retirement."
Matthew Fearn said: "I am thrilled to be joining De Vere, a company with strong
brands and exciting growth opportunities. I very much look forward to working
with the Board and management team to achieve its ambitions."
There is nothing which requires disclosure in relation to Matthew Fearn pursuant
to Rule 9.6.13 of the Listing Rules.
De Vere Group 01928 712111
Brunswick Group 020 7404 5959
Jonathan Glass/Catherine Hicks/Laura Cummings
Notes to Editors
Matthew Fearn Career Profile:
2004 - Present Corporate Finance Director, Whitbread Plc
2001 - 2004 Finance Director, David Lloyd Leisure Ltd
1999 - 2001 Finance & Planning Director, Whitbread Plc
1997 - 1999 Finance Director, Lion Nathan NZ Pty
1993 - 1997 On-Trade Financial Controller, Whitbread Beer Company
1992 - 1993 Operational Auditor, Whitbread Plc
1988 - 1992 Audit Senior, Arthur Andersen
De Vere Group PLC
De Vere Group Plc is one of the UK's most prestigious hotel and leisure club
operators, consisting of two distinctive and expanding hotel brands: De Vere
Hotels, a collection of the UK's finest four and five star hotels, and Village
Hotels & Leisure Clubs, a fast growing national mid-market brand; as well as
Greens Health & Fitness, one of the country's premier leisure clubs brands and
De Vere Resort Ownership, the UK's largest five star lodge operator.
Central to the Group's strategy is the rapid rollout of the Village Hotels &
Leisure Clubs brand. The opening of Village Bournemouth in December 2005,
Village Hull in February 2006 and Village Swansea in 2006 will take the total
number of hotels to 17, with plans to open five Village hotels a year by 2010.
Plans for the group also includes extensive refurbishment and development
projects at existing Village Hotels and De Vere Hotels, contributing to a total
Capex spend of £80 million by the end of 2006.
For further information on:
De Vere Group Plc: www.DeVereGroupPlc.co.uk
For De Vere Hotels Leisure: www.DeVere.co.uk
For De Vere Hotels Conference: www.DeVereMeetings.co.uk
De Vere Hotels Golf: www.DeVereGolf.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange