David Downes Joins Danka's Board of Directors.ST. PETERSBURG, Fla. -- Danka Business Systems PLC (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DANKY), a leading independent global provider of office imaging systems and services, today announced the appointment of David Downes as a non-executive director A non-executive director (NED, also NXD) or outside director is a member of the board of directors of a company who does not form part of the executive management team. He or she is not an employee of the company or affiliated with it in any other way. to its Board of Directors with effect from January 3, 2005. Downes, who has been the Finance Director of Shanks Group PLC Shanks Group plc is a leading European independent waste management company, which operates in the UK, Belgium and the Netherlands. The turnover for the 2005/6 financial year was £443 million (c€650m), of which 60% was derived from the Benelux countries. since 1993, will also serve on the Company's Audit Committee. Shanks Group PLC, which has annual revenues in excess of $1 Billion, is one of Europe's largest independent waste management companies with operations in the U.K., Belgium and the Netherlands. The group employs 4,600 people at more than 120 locations. Downes previously held Finance Director positions with Hunter Saphir PLC, MBS See Mb/sec. MBS - mobile broadband services PLC and with the brewing division of Grand Metropolitan PLC. He trained as a management accountant with Chrysler in Detroit before taking up financial management positions in their European operations and then held various controllerships within Air Products Europe. Downes is an engineering graduate of Kings College, London University and obtained his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. , California. He is also a Fellow of both the Chartered Institute of Management Accountants The Chartered Institute of Management Accountants (CIMA) is a UK based professional body offering training and qualification in management accountancy and related subjects, focused on accounting for business; together with ongoing support for members. and the Association of Corporate Treasurers The Association of Corporate Treasurers (or ACT for short) was founded in 1979. It is the only British professional body specialising in the profession of corporate treasury. . "We are thrilled to have David join our Board," said Lang Lowrey, Danka's Chairman of the Board. "He is a seasoned finance executive with tremendous expertise in directing the financial affairs of large, publicly held U.K. corporations. We also are pleased to have David bring his considerable financial experience and independence to our Audit Committee." About Danka Danka delivers value to clients worldwide by using its expert technical and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. to implement effective document information solutions. As one of the largest independent providers of enterprise imaging systems and services, the company enables choice, convenience, and continuity. Danka's vision is to empower customers to benefit fully from the convergence of image and document technologies in a connected environment. This approach will strengthen the company's client relationships and expand its strategic value. For more information, visit Danka at www.danka.com. Certain statements contained in this press release, including statements related to Danka's future business and financial performance, are forward-looking. Such statements reflect the current views of Danka with respect to future events and are subject to certain risks, uncertainties, and assumptions that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward looking statements, which reflect management's analysis only as of the date they are made. Danka is a registered trademark of Danka Business Systems PLC. All other trademarks are the property of their respective owners. |
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