Board Changes
February 25 2003 - 6:00AM
UK Regulatory
RNS Number:9278H
Music Choice Europe PLC
25 February 2003
Music Choice Europe plc
("Music Choice" or "the Company")
Board Changes
25 February 2003
The Board of Music Choice, Europe's leading digital audio broadcaster, announces
the appointment of Margot Daly, currently Chief Operating Officer, as Chief
Executive with immediate effect.
Margot replaces Simon Bazalgette who is leaving the company to pursue other
interests. Jonathan Apps, Chief Financial Officer, is also to leave the company.
Margot, aged 37, joined Music Choice in 1995. She was subsequently appointed as
Sales and Marketing Director in July 1999 and Chief Operating Officer in August
2000. With Simon Bazalgette, Margot played an important role in the flotation
of Music Choice in October 2000 and has been instrumental in negotiating
important distribution contracts with Sky and other platforms throughout Europe.
As the established European audio provider and with the number of digital homes
expected to increase steadily over the next few years Music Choice continues to
be well placed to develop a profitable growing business.
Commenting on the changes, Mike Thomas, Chairman, said:
"The markets in which Music Choice operates have changed dramatically since our
flotation in 2000. Simon and Jonathan's departure and Margot's appointment as
Chief Executive reflect our new management needs and operational focus. Whilst
it is always sad to lose such key members of the management team, we recognise
that this is an appropriate time for Simon and Jonathan to pursue other
opportunities and we wish them well".
Music Choice will be announcing Preliminary Results for the year ended 31
December 2002 on 26 March 2003.
- Ends -
For further information, please call:
Music Choice Europe plc
Mike Thomas, Chairman 01753 772572
Margot Daly, Chief Executive 020 7014 8755
Weber Shandwick Square Mile 020 7067 0700
Louise Robson / Becky Haywood
About Music Choice Europe
Music Choice is Europe's leading digital audio music broadcaster, available in
more than 13 million homes in 18 countries across Europe and the Middle East.
Music Choice provides consumers with non-stop digital-quality music channels,
completely uninterrupted by DJ chat, adverts, VJs or presenters, 24 hours a day,
seven days a week. With no interruptions for advertising, Music Choice's
channels play about 25% more music than the average commercial radio station or
music television channel. Founded in 1993, Music Choice is a public company
listed on the London Stock Exchange (LSE: MUS), with key shareholders including
BSkyB, Warner Music and Sony Corporation.
To find out more about Music Choice visit: http://www.musicchoice.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
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