Premier Farnell plc Board and Management Changes.LONDON--(BUSINESS WIRE)--July 6, 1999-- Premier Farnell plc ("The Group"), the leading global catalogue distributor of electronic and industrial components, today announced the following Board and management changes, with effect from July 5, 1999, as part of its continuing program of corporate reorganization implemented since John Hirst joined the Group as Chief Executive in July 1998. Mr. Chris Emptage, Director of Premier Farnell plc and Managing Director - Operations at Farnell, the Group's principal UK subsidiary, and Mr. Lawrence Jackson, Managing Director - Commercial, also at Farnell, are both leaving the Group with immediate effect. John Hirst will assume responsibility for these functions until a successor is appointed. Three non-executive directors have been appointed to the Board. Mr. John Roques Roques is the name or part of the name of several communes in France:
abbr. Bachelor of Business Administration PLC. He has been a Member of the Financial Reporting Council The Financial Reporting Council (FRC) is a unified, independent regulator with a mission of promoting confidence in corporate reporting and governance in the United Kingdom. since 1996. Mr. Cary Nolan (56), an electrical engineer who retired after 10 years as President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Picker International, Inc., a worldwide manufacturer and distributor of medical technologies and products. Mr. Patrick Sullivan (36) is appointed a non-executive director in accordance with the terms of the Shareholders Agreement dated January 23, 1996 entered into following the acquisition of Premier Industrial Corporation. Mr. Sullivan, a qualified US lawyer, has worked in both private practice and industry. He was a senior attorney at NCR Corporation and Associate General Counsel with Premier Industrial Corporation. He is now President and Director of Parkwood Trust Company and General Counsel for Parkwood Corporation. Mr. Sullivan succeeds Mr. John Colman (72) whose retirement was announced at the Annual General Meeting on June 16, 1999. Premier Farnell plc is the world's leading distributor of electronic and industrial components to the maintenance, engineering, design and repair sectors. Premier Farnell operates principally through its core businesses: Newark, the leader in North America, the world's largest market; and Farnell, which has a leading position in Europe and Australia and is growing fast in newer markets such as the Far East and South America. Premier Farnell has storage and distribution facilities in five continents and provides superior service to over 1.25 million customers in close to 100 countries. Premier Farnell's ordinary shares trade on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. and its ADRs, each equal to two ordinary shares, trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol PFP PFP - Plastic Flat Package . Additional information on Premier Farnell can be accessed on the company's home page: http://www.premierfarnell.com. |
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