RNS Number : 7896V
Waterman Group PLC
03 June 2008
WATERMAN GROUP PLC
WATERMAN GROUP ANNOUNCES BOARD RETIREMENT
Waterman Group plc ("Waterman" or "the Group"), a leading international engineering and
environmental consultant, announces that main
Board Director, Alex Burton has decided to retire from the plc Board on 30th June 2008, prior
to his 65th birthday in July. Alex has been a
Director since 1988 and a member of the executive committee since its inception in 2004. There
will be no immediate replacement at main
board level.
Waterman are pleased to announce that Alex will continue working for the Group as Chairman
of a newly formed subsidiary, 'Waterman
Energy, Environment and Design' and with the responsibility for leading Waterman's
Sustainability Group. The new company will consolidate
three existing Group subsidiaries and will employ over 250 engineers and scientists to service
this extremely important sector both in the
UK and overseas.
Chief Executive, Nick Taylor commented:
"I would like to thank Alex for his significant contribution to Waterman's success over a
number of years and in particular his personal
commitment to many regeneration projects such as Bluewater, The Bull Ring and White City."
Alex Burton commented:
" Climate change, the world's depleting natural resources and the need to develop new ways
of producing energy are all exciting
challenges that I can now concentrate on through the new Company and Waterman
Sustainability."
" I very much look forward to this new role and feel confident that I can provide a
substantial contribution to Waterman's growth over
the coming years."
-ends-
Date: 3rd June 2008
For further information contact:
Waterman Group plc City Profile
Nick Taylor, Chief Executive Simon Courtenay
Graham Hiscocks, Finance Director William Attwell
020-7928-7888 020-7448-3244
web: www.waterman-group.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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