American Leisure Group ("ALG" or "the Company") announces that Sir David Garrard has indicated his intention to step down as Chairman of the Company with immediate effect. Sir David will remain a non executive director of the Company. Sir David has made the decision to step down as a result of the increasing time required in relation to his other commercial undertakings.
David Mace, who is currently a non executive director of the Company, will become the non executive Chairman. David has been involved in developing businesses internationally over the last 25 years. In 1987, he led the management buyout of Sea Life Centre (Holdings) Ltd, through to its subsequent flotation in 1992 as Vardon Plc, the leisure group. He was a non executive director of Centre Parcs (U.K.) Group Plc. He has also served as a non-executive director of private and venture capital backed companies in France and the UK and has also acted as management consultant to businesses in Europe, the Far East and New Zealand. He is a non-executive director of Lookers plc, Inspired Gaming Group Plc, Vectrix Corporation and BlueStar SecuTech Inc.
| American Leisure Group Limited | |
| Fred Pauzar, Director of Corp. Development | Tel: +44 (0) 7866 066 669 |
| www.americanleisuregroupltd.com | |
| Dawnay, Day Corporate Finance | |
| Nick Lovering | Tel: +44 (0) 207 509 4570 |
Media enquiries:
| Abchurch | |
| Henry Harrison-Topham / Gareth Mead | Tel: +44 (0) 20 7398 7700 |
| gareth.mead@abchurch-group.com | www.abchurch-group.com |
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