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Board Changes28/09/2004 The company announces that Kevin Hyde, Group Chief Executive has stepped down from the Board of Jarvis plc and will be leaving the company. Commenting today he said: I believe that this is an appropriate moment for me to step down, having set in hand the urgent actions necessary for recovery following the extremely difficult trading conditions we suffered in the last financial year. Now the situation is more stable, the group will benefit from fresh insights. I am grateful to the board and all my colleagues in Jarvis for their support in working through this situation, and wish everyone well for the future. Steven Norris, Chairman of the Group, today said: On behalf of the board and the group we would like to thank Kevin for all his work with Jarvis in a number of roles. As Group Chief Executive he has guided us through an intense period of activity to set the scene for recovery. We have in place a team under Alistair Rae, Andrew Lezala and Eric Simonsen (Chief Restructuring Officer) that is taking forward the restructuring, cost reduction and disposals aspects of our recovery, and where we continue to make good progress. We are actively engaged now in recruiting a successor Group Chief Executive to take the restructured group forward and hope to make an announcement shortly. At the same time the company announces that Jonathan Agnew, who was appointed a non-executive at the end of November 2003 has decided he will not be seeking re-election at the forthcoming AGM in view of his other commitments. The group will be seeking a replacement for him. For further details contact: Paul Ravenscroft on 020 7017 8127 Andrew Honnor or David Trenchard at Tulchan Communications 020 7353 4200 |
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