28th February 2006
BBA GROUP PLC
Board Change and Succession
BBA announces that Roy McGlone has stepped down as Group CEO by mutual agreement. Michael Harper, a non-executive Director of BBA Group since February last year and the former Chief Executive of Kidde Group, has agreed to be interim CEO until a permanent replacement is appointed.
Roberto Quarta, BBA Chairman, said: “We thank Roy for his contribution over 10 years, first as Finance Director and then, from 2001, as Chief Executive. He has led the company successfully through some difficult times. However BBA is undergoing significant change. Both the Board and Roy believe it is the right time for Roy to step down as CEO of the company as it separates Fiberweb and concentrates on aviation services. Michael will lead the separation process before handing over to a long term successor.”
Roberto Quarta, Chairman since 2001, will delay his planned retirement from the company until BBA separates Fiberweb and appoints a permanent CEO. He will be succeeded as Chairman by Michael Harper.
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Enquiries:
Roberto Quarta, Chairman
BBA GROUP PLC 020 7514 3999
Mike Smith
Lucie Anne Brailsford
BRUNSWICK 020 7404 5959
