REG - IG Design Group PLC - Board Change

IG DesignAnnouncement

24/03/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230324:nRSX0778Ua&default-theme=true

RNS Number : 0778U  IG Design Group PLC  24 March 2023

24 March 2023

IG Design Group Plc

('Design Group' or the 'Group')

Board Change

 

Further to the announcement made on 3 November 2022, IG Design Group plc, one
of the world's leading designers, innovators and manufacturers of Gift
Packaging, Celebrations, Craft & Creative Play, Stationery, Gifting and
related product categories, announces that Lance Burn, Interim COO, has
informed the Board of his decision to step down from his position on the Board
as Executive Director and from his role as Interim Chief Operating Officer
effective as of 31 March 2023.  Lance will remain with the business until 31
October 2023, now undertaking a project-based role.

 

As previously announced, Paul Bal will become Chief Executive Officer,
effective from 1 April 2023. In addition, Stewart Gilliland, currently Interim
Executive Chair will return to the position of Non-Executive Chair on 1 April
2023. The search for a new Chief Financial Officer is well advanced and an
announcement will be made as and when appropriate.

 

The Company intends to announce a post-close trading update for the year ended
31 March 2023 in early May 2023.

 

Stewart Gilliland, Interim Executive Chair, commented:

"On behalf of the Board, I would like to thank Lance for his dedication and
contribution to the Group since he joined the Board in 2012. He has played an
important part in developing the Group's capabilities and competitive position
as well as providing strong leadership during the turnaround of the DG
Americas business over the last year. We wish him well for the future."

 

For further information, please contact:

 IG Design Group Plc                           Tel: +44 (0)1525 887310

 Stewart Gilliland, Interim Executive Chair

 Paul Bal, CFO & CEO Designate
 Canaccord Genuity Limited (Nomad and Broker)  Tel:  +44 (0)20 7523 8000

 Bobbie Hilliam

 Alma PR                                       Tel:  +44 (0)20 3405 0209

 Sam Modlin                                    designgroup@almapr.co.uk (mailto:designgroup@almapr.co.uk)

 Josh Royston

 Pippa Crabtree

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAUORWROUUOUAR