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Caledonia Inv PLC (CLDN)

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Monday 25 January, 2010

Caledonia Inv PLC

Chief Executive Designate

RNS Number : 0740G
Caledonia Investments PLC
25 January 2010
 



Caledonia Investments plc


Will Wyatt to succeed Tim Ingram as next Chief Executive



The Board of Caledonia Investments Plc ("Caledonia" or the "Company") announces that Tim Ingram will be retiring as Chief Executive at the Company's next AGM on 21 July, 2010 and that Will Wyatt will succeed him from that date.


Will Wyatt worked for 3 years in the Corporate Finance division of Close Brothers before he joined the
Caledonia Group in 1997 and transferred to Caledonia's Head Office as an Investment Executive in 1999. He was made an Associate Director of Caledonia in 2002 and a Main Board Director in 2005. Will is 41 and married with 4 children.


James Loudon, Caledonia's Chairman, commented:


"Will has amply demonstrated to our board the qualities we seek in our Chief Executive. He has delivered an outstanding and sustained investment performance from his portfolio of investee companies and his contribution on the several boards where he represents Caledonia has been very well received. In the five years that Will has been on our main board we have highly valued the quality of his input. The Board is confident that, under his leadership, Caledonia will continue to deliver above average performance for its shareholders.  


Whilst I will deal more fully with the contribution Tim Ingram has made to our company during his eight years tenure as our Chief Executive when he retires at our AGM in July, I would like to pay tribute now to his excellent stewardship of our companyTim's astute investment judgement and leadership qualities have served our shareholders' interests extremely well."


25 January 2010



Enquiries:


Caledonia Investments plc

Tel: +44 (0)20 7802 8080

James Loudon




College Hill

Tel: +44 (0)20 7457 2020

Tony Friend


Roddy Watt




This information is provided by RNS
The company news service from the London Stock Exchange
 
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