11 June 2007
11 June 2007
Steve Makin Appointed Chief Executive of Umbro
The Board of Umbro Plc today announces that Steve Makin, Umbro's Chief Financial
Officer will become Chief Executive with immediate effect. Peter McGuigan, Chief
Executive for the last eight years has taken the decision to resign from the
Board to take up the role of Chief Executive at Americana, a private equity
backed business which owns the Bench and Hooch trademarks. Peter will remain on
the Board of Umbro until the end of July, ensuring a smooth handover.
A search process for a new Chief Financial Officer has commenced.
Steve Makin joined Umbro in July 2006 as Chief Financial Officer. Prior to
joining Umbro Steve served at Asda and Wal-Mart from 1991 in both the UK and
internationally, being promoted to the Operating Board of Asda in August 2004.
Nigel Doughty, Chairman of Umbro, said: "The Board would like to thank Peter for
his valuable contribution and wish him all the very best for the future. Peter
joined Umbro in 1999 and under his leadership the brand has developed to deliver
significant growth globally. Peter also led the successful flotation in 2004 - a
major land mark in the Company's long history. Steve has been instrumental in
devising the strategy over the last six months. I am very confident that he and
the strong management team will continue to deliver on this growth strategy and
maximise value for Umbro's shareholders."
Peter McGuigan commented: "I have thoroughly enjoyed the last eight years as
Chief Executive but now is the right time for me to move onto another challenge.
Umbro is a hugely exciting global brand and the business is in good shape for
continued growth and development. I would like to thank everyone that I have
worked with during my time at Umbro for their support, hard work and commitment.
I wish Steve, the management team and everyone involved with Umbro continued
success in the future."
Steve Makin, Chief Executive, said: "I am delighted to be appointed Chief
Executive at this exciting time for Umbro. The priority going forward is to
continue to push through our strategic initiatives of leveraging our
authenticity, enhancing our image and maximising our global reach. We are well
positioned to deliver this."
Umbro is hosting an analyst and investor site visit at Wembley Stadium on 19
- ENDS -
Umbro 0161 492 2115
Nigel Doughty, Chairman
Steve Makin, Chief Executive
Brunswick Group LLP 020 7404 5959
Simon Sporborg / Dominic McMullan
Notes to Editors
UMBRO is a global football brand. Based in the UK, where the UMBRO business was
founded in 1924, the Group designs, sources and markets football related
products which are sold in over 90 countries. UMBRO's product range comprises
apparel, footwear and equipment.
UMBRO's and its international licensees currently supply kit to national teams
and leading professional clubs worldwide, including England, Sweden, Republic of
Ireland, Norway, Olympique Lyonnais (France), FC Santos (Brazil), CSKA Moscow
(Russia), Everton (England), Glasgow Rangers (Scotland), Gamba Osaka (Japan) and
Bestiktas (Turkey). The UMBRO brand is also endorsed by high profile individual
players including the England Captain John Terry, Michael Owen, Deco, Luis
Garcia, and Tim Cahill.
This information is provided by RNS
The company news service from the London Stock Exchange