Blueheath Holdings PLC
30 May 2006
For Immediate Release 30 May 2006
Blueheath Holdings plc
('Blueheath' or the 'Company')
Appointment of Director
Blueheath is today delighted to announce the appointment of Richard Rose as a
new Director. Richard Rose will be joining in the role of deputy chairman with
immediate effect with the intention of taking on the role of Executive Chairman
from 1 September 2006.
Richard Rose, age 50, was formerly Chief Executive of Whittard of Chelsea plc, a
multi site retailer of tea and coffee. He joined in 2001 following a £3m loss
and led a significant recovery in profits. The business was sold to Baugur in
2006. Previously he was a Director of Hagemeyer (UK) Ltd, a distributor of
professional products and services, with a UK turnover approaching £1 billion
through 360 outlets. Prior to that he had been CEO of WF Electrical plc, a fully
listed company, where he created a substantial improvement in shareholder value.
Hagemeyer purchased WF Electrical plc in 2000. He was also non-executive
Chairman of AC Electrical where he led a very successful growth strategy
resulting in a very substantial increase in shareholder value. The business was
sold to Wolseley in 2006. He is non-executive Chairman of Kiotech International
plc, and of Nanoscience Inc.
Commenting on the announcement, Colin Smith, Chairman said:
'We are delighted to welcome Richard to the Board. His skills and experience
will be a huge asset in helping to shape and drive forward the Group's strategy
and in managing our investor relations.'
Save as set out in this announcement there is no other information required to
be disclosed under Schedule 2 paragraph (g) of the AIM Rules.
For further details:
Buchanan Communications Tel: 020 7466 5000
Mark Edwards / James Strong
Evolution Securities Tel: 020 7071 4300
Michael Brennan / Bobbie Hilliam
Notes to editors:
Blueheath is a wholesaler of groceries to convenience stores in the £16.6
billion UK grocery wholesale sector. The Group sells and arranges the
distribution of approximately 3,500, primarily ambient, product lines to over
5,000 independent and multiple retail and leisure outlets within the UK.
Blueheath's innovative technology-driven business model is founded on the basic
principles of stripping out unnecessary supply chain costs and overheads and
passing on financial and operational benefits to customers. This enables
Blueheath to offer customers a wholesale delivery service of groceries at close
to Cash & Carry prices.
Blueheath achieves cost savings in three ways:
1. Operating on low stock levels through the use of sophisticated, proprietary
stock prediction technology.
2. Using spare distribution capacity through its partnership with British
Bakeries Ltd and other operators.
3. The extensive use of process automation to minimise administration costs.
This information is provided by RNS
The company news service from the London Stock Exchange