21 October 2010
Bloomsbury Publishing Plc is pleased to announce that it has approved the appointment of Ian Cormack as a non-executive director. He will join the Board on 1st January 2011 and will also become the Senior Independent Director and Chair of the Audit Committee with effect from 1 January 2011.
Ian Cormack will replace Mike Mayer who will step down from the Board on 31st December 2010 after 9 years, in accordance with the UK Corporate Governance Code, of distinquished service to the Board of Bloomsbury.
Ian Cormack has had a successful City career in leading international and UK roles at AIG, Citigroup and Citibank, where he spent over thirty years. A former member of the Chancellor's City Advisory Panel, he has served on committees for the London Stock Exchange, CHAPS, APACS, the European Securities Forum, Cedel and the Bank of England.
He is currently Chairman of Maven Income & Company VCT4 plc and a Director of several other organisations including the Qatar Financial Centre, with whom Bloomsbury has a trading relationship, Phoenix Group Holdings, Aspen Bermuda, National Angels Ltd. Ian Cormack is also an active member of the Development Council for the National Theatre and the Campaign Committee of Pembroke College, Oxford.
There is no other information required to be disclosed pursuant to LR9.6.13R.
Commenting on the appointment Jeremy Wilson, Chairman of Bloomsbury said, "We are delighted to welcome Ian Cormack to the Board. He has a wealth of relevant experience to bring to the Board from his career and my fellow Directors and I look forward to working with him in the years to come. We will miss Mike Mayer's invaluable contribution. The Board has benefited for almost a decade from his astute counsel, guidance and support. I would like to thank him personally, on behalf of the Board and the entire Company, for all that he has done.
Rosanne Perry / Dan de Belder
Pelham Bell Pottinger
020 7861 3232 or e-mail [email protected]
Bloomsbury Publishing is one of the world's leading independent publicly quoted publishing houses with a valuable collection of intellectual properties including QFinance: The Ultimate Resource, Encarta World English Dictionary, Wisden Cricketers' Almanack, Arden Shakespeare and Who's Who. The highly talented portfolio of authors currently includes JK Rowling, Elizabeth Gilbert, Howard Jacobson, Ben MacIntyre, Khaled Hosseini, Neal Gaiman and Margaret Atwood.
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