Vision Media Group International | News
22 December 2006 Board changes
As highlighted in the Circular sent to Shareholders on 27 November 2006, ScreenFX plc (AIM: SFX), the digital advertising and communications specialist, announces that post the successful conclusion of today’s EGM, the following Board changes are implemented with immediate effect. Sir Geoffrey Pattie has stepped down as Chairman and Mike Cottman has become the new executive chairman of the Company. Richard Schultz and David Neale have also stepped down from the Board and David Moore has been appointed as the chief operating officer of the Company.
Mike Cottman has an extensive background in marketing having worked for companies such as Mars Confectionery and the Field Marketing & Consultancy Group (FMCG). Mike took FMCG public in 1996 by reversing it in to a Canadian marketing services company, Mosaic Group Inc (“MGI”). During the next five years as, initially, CEO for Europe and then, more latterly, as President & Chief Operating Officer of the Group, Mike was a key part of the senior executive team responsible for taking MGI from a small Canadian marketing services company trading on the Canadian Dealer Network, to a Toronto Stock Exchange company which traded in 14 different countries, with a market capitalisation of in excess of C$2 billion, revenues of C$1 billion and EBIT of approximately C$100 million. He retired from this company at the time of the millennium and now has a small number of private investments that he has interests in.
Michael John Cottman, aged 52, has been a Director of the following companies and organisations during the past five years:
| Current Directorships | Directorships held in the past five years |
| Field Sales Solutions Limited | Momenta Holdings |
There is no other information that requires disclosure under Schedule 2 paragraph (g) of the AiM Rules.
David Moore has significant experience of public company life and until recently held the position of Chief Executive at Ultraframe plc, a post that he held since October 1999 having been acting Managing Director since May that year. Prior to this, David held the positions of Deputy Managing Director at Ultraframe from June 1998 and Finance Director since 1993. The primary focus of David’s role was the establishment and execution of Ultraframe’s strategy and he was instrumental in developing and driving the Company’s North American expansion. A Fellow of the institute of Certified Accountants, David was previously with AMEC plc managing their corporate review department.
David Alan Moore, aged 43, has been a Director of the following companies and organisations during the past five years:
| Current Directorships | Directorships held in the past five years |
| None | Ultraframe plc |
There is no other information that requires disclosure under Schedule 2 paragraph (g) of the AiM Rules.
David Clark, Chief Executive Officer, said: “We are extremely pleased to welcome Mike and David to the ScreenFX Board. They bring with them not only excellent business acumen but also valuable City and public company experience from which the Company will benefit from and Mike and David will play a key role in our forward strategy.
"The Board would also like to extend its thanks to David Neale and Richard Schultz for their commitment and assistance in building up the business in recent years and we wish them well in the future.”
For further information:
| ScreenFX plc | |
| David Clark, Chief Executive | Tel: +44 (0) 161 428 5544 |
| info@screenfx.com | www.screenfxplc.com |
| Seymour Pierce Limited | |
| Stuart Lane / John Depasquale, Corporate Finance | Tel: +44 (0) 20 7107 8000 |
| jdp@seymourpierce.com | www.seymourpierce.com |
Media enquiries:
| Abchurch | |
| Henry Harrison-Topham / Laura Riascos | Tel: +44 (0) 20 7398 7700 |
| henry.ht@abchurch-group.com | www.abchurch-group.com |
Seymour Pierce which is regulated by the Financial Services Authority is acting as nominated and financial adviser to the Company in connection with the matters described in this document. Persons receiving this document should note that Seymour Pierce will not be responsible to anyone other than the Company for providing the protections afforded to clients of Seymour Pierce or for advising any other person on the arrangements described in this document. Seymour Pierce has not authorised the contents of, or any part of, this document and no liability whatsoever is accepted by Seymour Pierce for the accuracy of any information or opinions contained in this document or for the omission of any information.
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