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InterQuest Group PLC (ITQ)

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Monday 21 March, 2011

InterQuest Group PLC

Appointment of CEO

RNS Number : 2676D
InterQuest Group PLC
21 March 2011
 



21 March 2011

 

InterQuest Group plc

("InterQuest" or "the Group")

 

Appointment of CEO

 

IT staffing specialist, InterQuest Group plc (AIM: ITQ.L), is pleased to announce the appointment to the Board of Mr. Mark Braund as Chief Executive Officer. The appointment will take effect as of mid April.  Upon appointment, Mr. Gary Ashworth, currently joint CEO & Executive Chairman will become Executive Chairman, focusing on the acquisitive growth strategy of the business.

Mark Andrew Braund (aged 49) is an experienced recruitment executive, with over 26 years in the industry and a proven ability to grow successful recruitment businesses.

While a member of IBM's EMEA Management team, Mark became Chairman of privately owned Barker Personnel Services in 1988 which he grew into a profitable business, generating just under £10m in revenue before selling to the Carlisle Group in 2000.

Mark joined the management team of Lorien plc, one of the UKs leading IT recruitment companies in 2005, playing a significant role in the turnaround of the business which saw it increase market share, enter high margin consultancy business and rapidly expand a profitable Recruitment Process Outsourcing business. In August 2007 Lorien plc was successfully acquired by CDG Limited.

Mark joins InterQuest from his position as Executive Vice President (North America) of First Advantage, Inc. a $228m revenue global employer services organisation providing recruitment services and screening solutions.

Mark Braund, forthcoming Chief Executive of InterQuest said, "I am delighted to be joining Gary and the team at InterQuest. This is a space which I know well and one in which InterQuest has a strong position. The business has a great foundation with its niche orientation and iQad training programme and I believe has an exciting future."

Gary Ashworth, current CEO and Executive Chairman of InterQuest, commented, "I am delighted to that we have been able to secure such a high calibre industry specialist at Mark. He has proven his ability to successfully grow business such as ours and I am confident that the splitting of the CEO and Chairman role will be of benefit to the Group as we look to continue our profitable expansion."

 

Upon appointment, full disclosure will be made regarding Schedule Two, paragraph (g) of the AIM Rules for Companies.

For further information please contact:

InterQuest Group plc

Threadneedle Communications

finnCap

020 7025 0100

020 7653 9850

020 7600 1658

Gary Ashworth, Executive Chairman

Caroline Evans-Jones

Marc Young

Michael Joyce, Finance Director

Fiona Conroy

Charlotte Stranner

 

About InterQuest

The InterQuest Group is a specialist IT recruitment Group providing contract and permanent recruitment services within niche disciplines in the UK and Europe. The Group comprises sixteen separately branded specialist divisions covering a broad range of skill sets and industries including Public Sector, SAP, Oracle, CRM Testing, Banking, Insurance, Retailing, Pharmaceuticals, Media, Analytics, Infrastructure and Communications.


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