Centaur Media PLC Directorate change

 
TIDMCAU 
 
22nd October 2009 
 
                          Centaur Media plc 
                     ("Centaur" or "the Group") 
 
                         Directorate change 
 
The Chairman of Centaur Media plc, Graham Sherren, has today 
announced his intention to step down as Chairman at the Company's 
Annual General Meeting on 10th December 2009.  He intends to remain 
on the Board as a non-executive director for a further 12 months and 
will put himself forward for election in that capacity at the AGM. 
The Board has decided to appoint senior non-executive director, 
Patrick Taylor, as Chairman and his election will be proposed at the 
AGM. 
 
Commenting on his decision, Graham Sherren said:  "When Centaur 
listed on the Stock Exchange in 2004, a key objective for me, as 
Chairman and Chief Executive, was to plan an orderly management 
succession.  I was pleased to hand over to Geoff Wilmot as Chief 
Executive Officer in 2006 and I believe that he and the management 
team at Centaur have done an excellent job since that time.  In 
December, I reach the age of 72 and in the past few weeks, I have 
been discussing with the Board my decision that it is now the right 
time for me also to step down as Chairman. 
 
The Company is emerging from the worst recession in living memory 
even stronger than it was before, thanks to the efforts of the 
management and staff.  We have an exceptional portfolio of 
market-leading products, a robust balance sheet and an exciting 
pipeline of new products.  As our markets recover, we are well 
positioned to deliver strong growth for our shareholders.  I am 
delighted that Patrick Taylor has agreed to take on the role of 
Chairman.  I wish him every success and look forward to continuing to 
work with him and the Board as a non-executive director, until I 
finally stand down from the Board at the 2010 Annual General Meeting" 
 
 
Patrick Taylor, Chairman elect, said:  "I am honoured to be taking on 
this role at such an exciting stage in the Company's history.  Under 
Graham's stewardship, Centaur has developed an exceptional culture of 
entrepreneurship and built an outstanding portfolio of market-leading 
brands.  I look forward to working with the Company to build on that 
record, to ensure that it exploits its strengths to the full and to 
maximise opportunities for growth in the future." 
 
 
For further information please contact: 
 
 
Kreab Gavin Anderson     44 (0) 207 074 1800 
Robert Speed 
Anthony Hughes 
 
 
 
Note to editors: 
Patrick Taylor was formerly Chief Executive Officer of GWR Group plc, 
the UK's largest commercial radio group, ranked by licences and 
audiences.  Before joining GWR, Patrick was Group Finance Director of 
Capital Radio plc, having previously been a partner with the 
accountancy practice, Coopers & Lybrand, specializing in corporate 
finance.  Patrick is also a non-executive director of Future plc. 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 

(END) Dow Jones Newswires

October 22, 2009 02:04 ET (06:04 GMT)