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Watermark Group PLC (IM31)

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Friday 26 May, 2006

Watermark Group PLC

Directorate Change

Watermark Group PLC
26 May 2006


26 May 2006


                        Watermark Group plc (the 'Group')
                                        
        Executive changes associated with integration of Group Companies


The following executive changes, both at Board level and at senior management
level consolidate the executive management of the Group into a more effective
single function. These changes will optimise Group integration and create a
platform to maximise sales and profit across the Group.


Executive Board

John Caulcutt moves up to Deputy Chairman, and will continue to provide the
Group's strategic focus and development, both through acquisition and organic
growth, whilst working on key client relationships to maximise new business
opportunities. Freed up from the day to day management responsibilities, the
Group can take better advantage of John's wealth of experience and talent to
optimise the growth opportunities and therefore shareholder value.


Maurice Ostro moves up to Chief Executive Officer, and will be responsible for
the day to day management of the Group, particularly in respect of achieving the
timely integration of the Products division, recently relocated to Heston, and
the newly acquired catering business, ICL . Maurice will work with John and the
rest of the Executive team, on acquisitions and will be responsible for the
implementation of the Group strategy as well as the integration of the acquired
businesses.


Nicholas Scott, recently appointed to the Board becomes Group Commercial
Director, ensuring that an integrated view is taken on all group commercial
issues. Nick will now bring his five years of experience gained within the
Services division to the Group as a whole.


Crispin Quail, as Group Finance Director, continues with his overall
responsibility for the Group's finances.


George Brooksbank, part-time executive Director, will be retiring from the Board
at the AGM on 29 June 2006 and we wish him well for the future.


New Senior Management Appointment

Shaun Wylie, recently appointed as Group Sales Director, reporting to the
Executive Board, will now manage the sales function for all Group Products and
Services. Shaun's previous sales experience within the airline industry adds
considerable value to the continued development of the Group.



For further information please contact:

John Caulcutt/Crispin Quail                 Jeremy Carey
Watermark Group plc                         Tavistock Communications
Tel: 020 8606 1300                          Tel: 020 7920 3150
e-mail: [email protected]                e-mail: [email protected]


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

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