Watchstone Group PLC Board Appointment (2221J)
June 27 2017 - 1:01AM
UK Regulatory
TIDMWTG
RNS Number : 2221J
Watchstone Group PLC
27 June 2017
27 June 2017
Watchstone Group plc
("Watchstone" or the "Company" or the "Group")
Board Appointment
Further to the announcement that Indro Mukerjee will resign from
the Board after completing his planned work at the end of this
year, Watchstone confirms that Stefan Borson, Group General Counsel
& Company Secretary, will succeed him as Group Chief Executive
Officer.
Upon appointment, Stefan, who has worked with the Group for
almost three years, will also continue his existing
responsibilities, ensuring continuity on all legal and regulatory
matters.
Watchstone also intends to reduce the size of its Board as of
January 2018 to comprise Richard Rose, Non-executive Chairman;
Stefan Borson as Group Chief Executive Officer (who will join the
Board on Indro's departure); Mark Williams, Group Finance Director;
and two further non-executive directors. Two of the current
non-executive directors will resign at the end of the year and a
further announcement will be made in due course.
Richard Rose commented: "For the rest of the year, Indro, Stefan
and I will continue to work closely with the rest of the Board to
effect a smooth transition to the new structure. With a twenty-year
career in finance, legal and management positions, we believe that
Stefan has the right blend of experience to successfully lead
Watchstone into its next phase."
Information required under paragraph (g) of Schedule 2 of the
AIM Rules will be made at the time of the formal appointment of Mr
Borson.
For further information:
Watchstone Group plc Tel: 03333
448048
--------------------------------------- -----------
Peel Hunt LLP, Nominated Adviser and Tel: 020
broker 7418 8900
Dan Webster, Adrian Trimmings, George
Sellar
--------------------------------------- -----------
Notes:
Stefan Borson (42) has twenty years' experience working in and
advising both listed and high growth private companies and has held
Board positions in a broad range of roles from Chief Executive
Officer to Corporate Development & Investment Director.
Following qualification as a Solicitor in 2000 with Addleshaw
Goddard, Stefan spent seven years in Investment Banking at Investec
plc specialising in advising consumer facing and technology
businesses. In 2007, Stefan joined the board of Clerkenwell
Ventures plc, a listed investment fund and joined Redbus Media
Group as Chief Executive Officer in 2009. In August 2014, Stefan
joined Watchstone Group plc as Group General Counsel and became
Company Secretary in May 2015.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAMMGZVZVLGNZZ
(END) Dow Jones Newswires
June 27, 2017 02:01 ET (06:01 GMT)
Watchstone (LSE:WTG)
Historical Stock Chart
From Apr 2024 to May 2024
Watchstone (LSE:WTG)
Historical Stock Chart
From May 2023 to May 2024