Directorate Change
November 07 2008 - 11:11AM
UK Regulatory
FACES COSMETICS PLC (THE "COMPANY")
BOARD CHANGES
The Company announces the following Board changes:-
* Terry Horner, Chairman has resigned with immediate effect.
* Rupert Folkard, Finance Director, has resigned with immediate effect.
* Jaspal Singh has been appointed as non-executive director with immediate
effect.
The Board would like to thank Mr Horner and Mr Folkard for their service to the
Company.
Dimple Sanghi a non-executive director will act as interim Finance Director for
the Company until the appointment of a replacement.
Jaspal Singh Sabharwal (age 41)
Jaspal Singh Sabharwal worked for Coca-Cola India for 10 years where he headed
the franchise business for India, Maldives and Bhutan. Prior to this he spent
over 6 years with UB Group and ICI Paints. He has a Masters of Management from
McGill University, Montreal and a Diploma in Practicing Management from INSEAD,
France. Jaspal has been with Indivision Investment Advisors since its inception
and is a Managing Director in its Operations and Strategy Team.
Listed below are the names of the companies (other than the Company) of which
Mr Sabharwal has been a director or partner at any time in the past five years.
Current Directorships/Partnerships held Past Directorships/Partnerships held
Indivision Investment Advisors Ltd Capital Foods Export Private Limited
Hindustan Coca-Cola Beverages Pvt
Limited
Interarch Building Products Private
Ltd
Lilliput Kidswear Limited
Ravindranatu GE Medical Associate
Private Limited
Save as disclosed above, there are no further details required to be disclosed
pursuant to the AIM Rules for Companies.
For further information please contact:
Ramesh Jolly Chief Executive Officer Faces Cosmetics plc T: +1(905) 760 0110 Ext. 112
Liam Murray Director Dowgate Capital Advisers Ltd T: +44 (0) 20 7492 4777
Aaron Smyth Assistant Director Dowgate Capital Advisers Ltd T: +44 (0) 20 7492 4777
Ian Callaway Head of Corporate Broking SVS Securities plc T: +44 (0) 20 7638 5600
END
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