Electricals demerger update
June 13 2003 - 7:55AM
UK Regulatory
RNS Number:3125M
Kingfisher PLC
13 June 2003
FOR IMMEDIATE RELEASE
13 June 2003
Kingfisher plc
Kingfisher announces non-executives for its demerging Electricals business
Kingfisher plc ("Kingfisher") announces that Michel Brossard, Andrew Robb and
Peter Wilson have today been appointed as non-executive directors of Kesa
Electricals plc ("Kesa") in preparation for its demerger.
A full press release providing further details of the demerger will be issued on
17 June 2003. On the same day, Kesa's management team will host a presentation
about its business to research analysts in London.
Kingfisher will hold an extraordinary general meeting on 4 July to seek
shareholder approval for the demerger.
Enquiries Telephone No
Kingfisher plc
Ian Harding +44 (0) 20 7644 1029
Kesa
Analysts:
Lucy Barber +44 (0) 20 7251 3801
Press:
Rollo Head +44 (0) 20 7251 3801
Notes to Editors:
1 Michel Brossard (59)
Michel was General Manager of Philips E.G.P. until April 1999. Michel then
moved to become General Manager of the Philips France Consumer Electronics
Division where he stayed until January 2002. Michel has also served as Chairman
of the French Electronics Manufacturers Syndicate (SIMAVELEC). Michel graduated
from Institut d'Etudes Politique de Paris.
2. Andrew Robb (60)
Andrew worked for the P&O Steam Navigation Co. from 1971 to 1989, initially as
financial controller and, from 1983, as group finance director. From 1989 to
2001 he was group finance director of Pilkington plc. He remains an executive
director of Pilkington but will retire from that board at the end of July. From
1993 to 2003 Andrew also served on the board of Alfred McAlpine plc as a
non-executive director and chairman of the audit committee. Andrew is a Fellow
of the Chartered Institute of Management Accountants and holds a Joint Diploma
in Management Accounting.
Andrew will be the Chairman of the Audit Committee.
3. Peter Wilson (62)
Peter was employed by the Gallaher group from 1969 to 1999, becoming chairman
and chief executive in 1994. Peter is currently non-executive chairman of
Gallaher Group Plc and holds non-executive directorships of Powergen Limited,
Somerfield Plc and Fortune Brands, Inc. Peter graduated from Oxford University
with a Masters in Law degree.
Peter will be the Chairman of the Remuneration Committee and the senior
independent non-executive.
13 June 2003
This information is provided by RNS
The company news service from the London Stock Exchange
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