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Coral Products PLC (CRU)

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Tuesday 05 April, 2011

Coral Products PLC

Directorate Change

RNS Number : 3497E
Coral Products PLC
05 April 2011
 



Coral Products PLC

("Coral" or "the Company")

 

Re Directorate

 

The Board of Coral wishes to announce the following board changes;

 

Geoffrey Piper, Chairman, has decided not to offer himself for re-election at the forthcoming AGM and will retire from the Board at the conclusion of this AGM. Joe Grimmond, Director, who will be offering himself for re-election to the Board, has agreed, subject to his re-election, to act as Chairman following Geoffrey's resignation.

 

Kathryn Davenport, a non- executive Director has resigned from the board with immediate effect.

 

Geoffrey Piper commented:

 

"Having been on the Board for 16 years and seen the Company through difficult times, I feel now is the time to step down. I believe Coral is now well positioned to grow into a more broadly based manufacturing group and that Joe is ideally qualified to lead the Board in this process. I would also like to thank Kathryn for her valuable contribution."

 

Enquiries:

Coral Products PLC                01942 272882

Warren Ferster, Chief Executive

Joe Grimmond                        07703 518 148

 

XCAP Securities plc (broker)         020 7107 7070

John Grant/ David Lawman/ David Newton

 

Bankside Consultants              020 7367 8888

Richard Pearson/ Simon Rothschild

 

 

Richard Pearson

Bankside Consultants

Tel    020 7367 8888

D/L   020 7367 8874

Mob  07404 019751


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