CEO's On the Move
Seven West Media Limited Announces the Appointment of Tim Worner as Chief Executive Officer Effective from July 1, 2013
Seven West Media Limited
:Australian Stock Exchange - SEATS) Seven West Media Limited announced the appointment of Tim Worner as Chief Executive Officer. Effective date is July 1, 2013.
Upcoming Board Meetings
Burberry Group plc Appoints Carol Fairweather as Executive Director
Burberry Group plc announced the appointment of Carol Fairweather as an executive director with effect from July 11, 2013. Carol will be proposed for election by the shareholders at the AGM of the company on July 12, 2013.
Glanbia plc Announces Board & Management Changes
The Board of Glanbia plc announced that John Moloney, Group Managing Director, has notified the Board that he wishes to retire from this role and from the Board by the end of 2013, having been due to retire in 2014. Siobhán Talbot, Group Finance Director, has been appointed as John Moloney's successor. She will become Group Managing Director Designate from June 1, 2013 to ensure a smooth transition of the leadership of the Group. Glanbia will announce the appointment of a new Group Finance Director in due course. Glanbia also announces the following appointments and organisational changes effective from June 1, 2013. Hugh McGuire is appointed to the Board as an Executive Director with responsibility for Global Performance Nutrition. Hugh joined the Group in 2003 and has been Chief Executive Officer of Performance Nutrition since 2008. Brian Phelan, who was appointed to the Board on January 1, 2013 as an Executive Director will take up the role of Chief Executive Officer of Global Ingredients, a newly formed business segment incorporating the U.S Cheese business as well as Global Nutritionals' Ingredient Technologies and Customised Premix Solutions. Brian was previously Group Development & Global Cheese Director and joined the group in 1993. In addition, Billy Murphy, Non-Executive Director, will retire from the Board on June 1, 2013.
China Food Company plc Announces Management Changes; Reports Unaudited Consolidated Earnings Results for Year Ended December 31, 2012
China Food Company Plc announced that at the board level, China Food appointed Mr. Clifford Halvorsen onto the Board. As a seasoned banker with experience in the food sector, Clifford's experience will give the Group support and insight into capital markets in particular. Additionally, Mr. Tham, who served as Chief Executive Officer for five years, assumed the role of Executive Director as the Group looks to dispose of the feed business and explore strategic alliances. Ms. Feng Bo, Chief Operating Officer, takes over the Chief Executive Officer role while John McLean assumed the position of Executive Chairman and will oversee the Group's financial matters with the resignation of Ms. Tang Lin, Chief Financial Officer. The Group is currently seeking a Chief Financial Officer with the relevant skill and expertise to support the Group's future growth, and an announcement will be made in due course. During the year, Mr. Tom Coley also left the Board for personal reasons.
The company reported unaudited consolidated earnings results for year ended December 31, 2012. For the period, the company reported revenue was GBP 20,101,000 compared to GBP 16,890,000 in the same period last year. Operating loss was GBP 3,444,000 compared to GBP 615,000 in the same period last year. Loss before taxation for continuing operations was GBP 4,566,000 compared to GBP 1,926,000 in the same period last year. LBITDA was GBP 1,407,000 compared to GBP 131,000 in the same period last year. Loss for the period was GBP 5,423,000 compared to GBP 706,000 in the same period last year. Basic and diluted loss per share was 7.59 pence compared to 1.01 pence in the same period last year. Net cash generated from operating activities was GBP 3,380,000 compared to outflow of GBP 1,604,000 in the same period last year. Payment for acquisition of property, plant and equipment was GBP 1,468,000 compared to GBP 744,000 in the same period last year.