Regulatory Announcement
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Company Crown Corporation Limited
TIDM CCO
Headline Chief Executive Appointment
Released 10:29 08-Jun-05
Number 2898N
RNS Number:2898N
Crown Corporation Limited
08 June 2005
Crown Corporation Limited
Appointment of Chief Executive
Crown Corporation Limited ("Crown" or "the Company"), the UK listed investment
company, announces that Stuart Pearson has been appointed as Chief Executive of
the Company, with effect from 7th June 2005.
Stuart has been involved in corporate finance for over twenty years, and was for
the last six years Northern regional partner with Baker Tilly, the seventh
largest business services practice in the UK. He left in September 2004 to found
Langbar Capital Limited, a corporate finance advisory and investment company.
Langbar Capital was acquired by Crown Corporation, as announced in yesterday's
Audited Preliminary Results Statement.
Stuart is a well-known figure with extensive experience of corporate finance
work, including mergers and acquisitions.
He qualified as a chartered accountant in 1970, is a Member of the Securities
and Investment Institute, taking up a number of positions in industry before
setting up his own practice which merged with Baker Tilly in 1998.
Stuart Pearson, Chief Executive, Crown Corporation commented:
"Taking over the reins of Crown is an exciting challenge. The Board intends to
make further appointments in the near future to strengthen the team.
"It is my aim to broaden the investment criteria to include smaller
capitalisation companies, joint ventures and pre-IPO funding. These changes are
aimed at improving the returns on capital and ultimately the return to
shareholders. The strategy for the future will be to produce consistent and
growing earnings and capital appreciation by active management of the
investments".
8th June 2005
For further information, please contact:
Crown Corporation Limited Tel: 00 44 (0) 113 284 3838
Stuart Pearson, Chief Executive
Bankside Consultants Tel: 00 44 (0) 20 7444 4140
Michael Padley / Susan Scott
Geoffrey Stuart Pearson, aged 57, holds or has held directorships or
partnerships, in the five years preceding his appointment at MOS, as follows:
Current Directorships
Langbar Capital Partners Limited
Langbar Capital Limited
Langbar Capital USA Ltd
Real Affinity plc
MOS International plc
BR Pharmaceutical Limited
LTT Vending Group Limited
Sovereign Oilfield Services Ltd
Zander Group Ltd
Zander Corporation Limited
Zander Growth Limited
Zander Renewal Limited
Zander Libya Ltd
NE Zander WLL (Bahrain)
Al Reem Zander LLC (UAE)
Saponis Limited
Previous Directorships
Venture (UK) plc
Glover Smith Associates Ltd
The PMF Partnership Limited
DRG Retailing Group Limited
Beech Estates Limited
(formerly Thornton & Pearson Printers Ltd)
Beech Corporation plc
Safestyle UK Ltd
The Spa Ilkley (Management) Limited
Thornton & Pearson (Holdings) Limited
E-PrintOut plc
Print Out UK Limited
Previous Partnerships
Baker Tilly
Stuart Pearson was appointed the non-executive chairman of Curtain Dream plc in
January 1989. Mr Pearson identified a number of accounting irregularities at
this company and a receiver was appointed, at the company's request, on 24 July
1989. The receivership ceased on 9 October 1995.
Stuart Pearson was a director of Hepburn plc until 28 February 1992. On 24 June
1992, an order to wind up the company was granted and the company was liquidated
with no debts due or outstanding to any creditors.
Save as disclosed above, there are no further disclosures to be made in
accordance with Rule 15 and Schedule 2 (f) of the AIM Rules.
Copies of the statement are available from the offices of Bankside Consultants
Limited, 123, Cannon Street, London EC4N 5AU
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
©2004 London Stock Exchange plc. All rights reserved
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