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Share Name | Share Symbol | Market | Type |
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CRH Plc | TG:CRG | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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-0.02 | -0.03% | 67.98 | 67.72 | 68.26 | 68.62 | 67.30 | 68.20 | 7,283 | 22:50:08 |
RNS Number:1181O Corin Group PLC 30 July 2003 CORIN GROUP PLC BOARD CHANGES Corin, the innovative developer, manufacturer and distributor of a wide range of orthopaedic devices, announces that Peter Gibson, Executive Chairman and Founder, will be stepping down at the end of September 2003. Graeme Hart, a non-executive director, will become non-executive Chairman. Peter Gibson, Executive Chairman, commented: "It has always been my intention to step down once Corin was firmly established as a quoted company. That has now been achieved while the company has continued its rapid growth with pre-tax profits increasing by 62% last year. As Corin is on course for sustainable growth, now is a good time for me to move on." Graeme Hart, Non-Executive Chairman-designate, said: "Since Peter founded Corin in 1985 he has been fully committed to maximising the potential of the business, identifying new markets and technologies and more recently driving it forward to a very successful flotation on the London Stock Exchange. My colleagues and I on the Board would like to put on record our deep and sincere gratitude to Peter for his outstanding contribution to the success of Corin. "Peter has also recruited a first class team to take Corin forward on the next stage of its international development. Ian Paling, Corin's Chief Executive, who has been progressively widening his executive responsibilities since the company floated last year, will now take over all outstanding operational management." 30 July 2003 Enquiries: Corin Group PLC Peter Gibson, Executive Chairman Tel: 01285 659 866 Graeme Hart, Non-Executive Chairman-designate Ian Paling, Chief Executive Officer College Hill Tel: 020 7457 2020 Adrian Duffield Clare Warren Note to editors Graeme Hart Non-executive Director - age 58. Joined Corin 2001. Graeme works as an orthopaedic surgeon, based in Hertfordshire and London. He is a non-executive director of Huntleigh Technology PLC, and was formerly Founder and Chairman of Health Care Services PLC and Chairman of Cresta Care PLC. He is an honorary consultant to the NW Herts NHS Trust. Ian Paling Chief Executive - age 51. Joined Corin in 1994. Ian has been the primary architect of the Group's Metal-on-Metal programme, particularly in the US. He was responsible for strengthening Corin USA and laying the foundations for successful entry of the Group's proprietary products into FDA trials. Ian has overseen the expansion of the Group's global distribution channels, including the establishment of Corin Japan and the Group's distribution agreement with Baxter in Australia. Most recently Ian led the Group's acquisition of Alphanorm in Germany in September 2002. Ian has an extensive track record in orthopaedics; he was previously Managing Director of Thornton Precision Forgings Ltd and Managing Director of PCC (UK) Ltd. Both companies are major suppliers to the orthopaedic industry. Ian is a Companion Fellow of the British Orthopaedic Association, and holds a BMet and MMet (Distinction) in Metallurgy from the University of Sheffield. This information is provided by RNS The company news service from the London Stock Exchange END BOASDWSASSDSESW
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