01 June 2006
1 June 2006
('Asite' or the 'Company')
The board of Asite wishes to announce the following directorate changes:
• Following the successful restructuring of the Group during 2005 and 2006
Mr. Gordon Ashworth has decided to step down as Chief Executive Officer. At
the invitation of the board, however, he has agreed to act as a Non
Executive Director of the Group.
• Mr Tony Ryan, Chief Operating Officer, has been promoted to Chief
Executive Officer from 5 June 2006.
Colin Goodall, Chairman, commented:
'The board would like to take the opportunity to thank Gordon for his services
to the Group. During the past 15 months the Group's performance has improved
significantly, in particular the second half of 2005 has seen continued
improvement in margins accompanied by reductions in the Group's cost base. The
Board is very pleased that he has agreed to remain with the Group in the
position of Non Executive Director'.
For further information, please contact:
Gordon Ashworth 020 7749 7880
Tony Ryan 020 7749 7880
Deloitte & Touche LLP
Richard Collins 020 7936 3000
The directors of Asite accept responsibility for the information contained in
this announcement. To the best of the knowledge and belief of the directors of
Asite (who have taken all reasonable care to ensure that such is the case) the
information contained in this announcement is in accordance with the facts and
does not omit anything likely to affect the import of such information.
This information is provided by RNS
The company news service from the London Stock Exchange KNMLGVZM