TIDMINC

RNS Number : 4236R

Insetco PLC

11 September 2014

11 September 2014

Insetco plc

("Insetco" or the "Company")

Appointment of a Director

The Company is pleased to advise that Mr Ivan Couchman has been appointed as a director of the Company with immediate effect.

Ivan Melvin Couchman

Mr Couchman trained as an accountant with BOC Group plc later moving to become Finance Director of a subsidiary of Unitech plc. During a very successful period with the TNT Group, Mr Couchman made Luton Depot the most profitable in the Roadfreight Group & turned round the International Courier, Parcels & Freight Division from losses to making record profits in 1987. Mr Couchman then joined Bricom plc in 1988 as Managing Director of ANC Holdings (a major subsidiary of the Group) following a GBP400 million management buyout from British & Commonwealth plc. Following his successful turnaround of the business & the sale of the Bricom Group, he spent time with British Rail - Red Star Parcels as Managing Director to restructure the loss making business & prepare it for Privatisation.

More recently, Mr Couchman's roles include an MBI & turnaround of Hammond Group Holdings plc, Regional Managing Director of Granada Home Technology Group, the largest division of Granada plc, Finance Director Operations for Brakes Bros plc, Group Finance Director for McCambridge Group plc, a pan-european own-label food manufacturer and CFO Service and Logistics Division with LM Windpower Group, the largest global producer of wind turbine blades.

In addition to his performance improvement and turnaround roles, Mr Couchman has significant experience of pre and post-merger integration and private equity backed management buyouts and divestments.

Mr Couchman is a Fellow of the Institutes of Chartered Management Accountants (FCMA), Logistics (FILOG) and Transport (FCIT).

 
 Present directorships / partnerships   Former directorships / partnerships held over past 5 years 
 
 White Tiger Management Limited         Lifetime Experiences Limited 
 White Tiger Sports Limited 
 Making Change Limited 
 Xylos Limited

On 7 February 2001, the Takeover Panel issued a public censure in respect of Corporate Resolve plc following its lapsed cash offer for Focus Dynamics plc. At the time, Mr Couchman was Chairman and Chief Executive. The Takeover Panel noted several breaches of the Code and cited failings by its advisers and its directors, as they are ultimately responsible for compliance with the requirements of the Code, for failing to meet the Code's best business standards.

There are no further disclosures required pursuant to Schedule 2(g) of the AIM Rules.

For further information please visit www.insetco.com or contact:

 
 Insetco plc 
 Gideon Israel                   0798 9992999 
 
 Cairn Financial Advisers LLP 
 Jo Turner / Liam Murray         020 7148 7900

This information is provided by RNS

The company news service from the London Stock Exchange

END

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