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Fastrack Group PLC (FTK)


Tuesday 05 December, 2000

Fastrack Group PLC


Fastrack Group PLC
5 December 2000

FASTRACK GROUP PLC ('the Company')

Board Reorganisation

Following the recent acquisition by the Company of the business and assets of
Ontime from Jacobs Holdings Plc ('Jacobs'), the Company announces that its
Board is to be restructured, with the appointment of a new Chief Executive and
a new non-executive Chairman.

With immediate effect, Philip Rose will be appointed as Chief Executive. Prior
to joining Fastrack Mr Rose was employed in the transport industry for over 20
years, latterly as managing director of Lynx Express, a major UK parcels

Andrew Ducker, who has been Chief Executive of the Company for the last four
years, will leave the Board today, but will remain with the Group until the
end of the year.

Furthermore, from 1 January 2001, Michael Kingshott, Managing Director of
Jacobs, who was recently appointed as a non-executive Director of the Company,
will succeed Doug Ash as non-executive Chairman, but Nat Solomon and Lars
Ahrell will retire from the board on 31 December 2000 and the Board will seek
to appoint a new non-executive Director in due course.

Commenting on the restructuring, Doug Ash said:

'the Acquisition of the Ontime business from Jacobs was an important
development for Fastrack and I am delighted that Michael Kingshott will be
assuming the role of Chairman and that Philip Rose will be joining the Board.
Both bring a wealth of experience to the Board and will help in leading the
Company through the current restructuring and into the next phase of

I would like to extend my thanks to Andy Ducker, Nat Solomon and Lars Ahrell
for the contributions they have made to the Board.'


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