29 May 2009
Western & Oriental plc
("Western & Oriental" or the "Company")
Appointment of additional Non-Executive Director
Western & Oriental plc, the specialist luxury travel group, today announces the appointment of Jeremy William Goldberg as an additional Non-Executive Director with immediate effect.
Jerry, aged 45, has significant experience in the leisure sector, both operationally and from an investment perspective. His appointment increases the total of Non-Executive Directors to three, balancing the board composition between executive and non-executive directors. Mr Golberg has also been appointed to the Company's Audit and Remuneration Committees with immediate effect.
Jerry is a founding partner of Figaro Equity Growth Partners LLP, a partnership which assists LBO's of businesses within the wider leisure sector. In Jerry's early career he held a number of product and marketing roles at Unilever, SC Johnson Wax and Scottish & Newcastle. Between 2000 and 2004 Jerry was with Center Parcs Europe, firstly as Sales and Marketing Director and then as Chief Operating Officer. From 2004 until 2007 Jerry was Operating Partner with MidOcean Partners LLP, a UK/US mid-cap private equity fund, with a role to develop the fund's leisure sector investment strategy.
David Howell, Chairman of Western & Oriental plc said: "I am delighted that Jerry has agreed to join the Board. His sector experience and understanding of leisure spend in the UK will benefit the Board as Western & Oriental further develops through both the current economic difficulties and in the longer term."
In addition to the directorship of the Company, Jerry Goldberg holds or has held the following directorships, and is or was a member of the following partnerships, over or within the past five years:
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Previous Directorships/partnerships |
Center Parcs Europe (NL) | Ceased July 2004 |
LA Fitness | May 2005 to July 2008 |
Goldjaw Limited | July 2004 to October 2007 |
Palace Entertainment (USA) | June 2006 to October 2007 |
Figaro Equity Growth Partners LLP | January 2008 to date |
In accordance with Schedule Two paragraph (g) of the AIM rules, there are no additional disclosures to be made.
Enquiries:
Western & Oriental plc
David Howell, Chairman 020 7821 4078
Collins Stewart
Adrian Hadden/Ileana Antypas 020 7523 8353
Temple Bar
Tom Allison 020 7002 1080
About Western & Oriental plc
Western & Oriental is a specialist luxury travel group. The company was admitted to trading on AIM under the ticker symbol WEST in March 2006. The group acts as a tour operator, travel agent and conference and incentive organiser offering a premium service for tailor-made and specialist packaged holiday programmes to destinations worldwide. For more information on the group and its individual luxury travel brand websites, go to www.westernorientalplc.com.
RNS news service provided by Hemscott Group Limited.