I am pleased to announce that Peter E Bream is joining the Board as an Executive Director with effect from 1 July 2006.
Peter Bream, aged 39, was Finance Director of Provalis PLC, a UK listed company, for Xthree years until March 2006. Prior to joining Provalis, Peter was a Divisional Finance Director for API Group PLC, also a UK listed company. Peter is a chartered accountant and has an engineering degree from Cambridge University.
Peter will take over the position of Group Finance Director from Tony Brown following the conclusion of the Annual General Meeting in September 2006, when Tony will retire from the Board. To ensure an orderly transition Tony has agreed to enter into a post retirement arrangement with the Company until 31 March 2007.