Redde Northgate PLC

Board/Management Information • Jun 30, 2015

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RNS Number : 5790R

Northgate PLC

30 June 2015

30 June 2015

Northgate plc

Board Changes

Northgate plc, the UK and Spain's leading specialist in light commercial vehicle hire, today announces that Bob Mackenzie will be retiring from his role of Chairman at the Company's AGM in September. 

Andrew Page, who joined the Group as Senior Independent Director on 2 December 2014, and subject to re-election, will take over as Chairman following the AGM. 

Jan Astrand will also retire from the Group at the AGM in September following 14 years of service. The Board is currently in the process of recruiting a new non-executive Director and will update in due course.  

Bob Contreras, Chief Executive, commented:

"I would like to thank Bob Mackenzie as he retires from the Chairman role. Under his leadership since 2010 the Group has more than doubled profits, greatly reduced debt and reintroduced a dividend. His guidance will be missed, but we are fortunate to be having someone of Andrew Page's calibre stepping into the role and we look forward to delivering further returns to shareholders as we move into the next chapter for the Group.

I would also like to thank Jan for his tremendous efforts and wise counsel over this period. He has made a considerable contribution to the Group and our Spanish business."

Separately today, the Company is announcing its preliminary results for the year ended 30 April 2015.

ENDS

For further information please contact:

Northgate plc                                              01325 467558
David Henderson
MHP                                                              020 3128 8100
Barnaby Fry
Simon Hockridge Jack Holden

This information is provided by RNS

The company news service from the London Stock Exchange

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