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Governance News from Manifest - ISSN 1745 - 1132

People

Briefs

 

BHP Billiton | DSG International | Emap | Shanks | Cattles | Misys | Gyrus | Sage | UK COAL

 

 

Marius Kloppers is to succeed Chip Goodyear as chief executive of BHP Billiton, effective 1 October. Kloppers is currently the mining company’s president of non-ferrous metals. Goodyear will remain at the group until the end of 2007. 

 

 

John Clare is to resign as chief executive of DSG International at the electronics retailer’s 5 September AGM. Clare has been 22 years with DSG, 13 of those as chief executive. DSG’s board said an announcement on Clare’s replacement will be made shortly.

 

 

Tom Moloney has resigned as chief executive of Emap less than a week before the magazine and radio group was due to issue its 2007 final results. Alun Cathcart, non-executive chairman, has been appointed interim executive chairman and will fulfil the chief executive’s responsibilities until a permanent appointment is made.

 

The Independent’s Jeremy Warner (18 May) said he was not entirely sure why Emap’s shares rose by so much on this news, arguing that it seemed to him it has not made the company any more a target for a break-up bid than it has ever been. Moloney was not fired because the board had a problem with his strategy or because he was frustrating its attempts to put the company up for sale, said Warner – rather it was felt that Moloney was pursuing his strategy with insufficient earnestness.

 

 

Tom Drury is to become chief executive designate of Shanks, the waste management company, on 3 September, stepping up to the full position on 30 September. Drury is a board member of United Utilities, and until its sale to private equity was managing director of Vertex.

 

Shanks’ current chief executive, Michael Averill, has an agreement with the company whereby he can retire at age 57 – an event less than a year away – and the company said it considered it prudent to secure his replacement in good time. Averill will be retained in an advisory capacity until May 2008.

 

 

Cattles, the consumer finance group, has appointed David Postings as its new chief executive. Postings is currently managing director of Lloyds TSB business, and is expected to join the Cattles board on 1 September and assume the chief executive role on 13 September. He succeeds Sean Mahon.

 

 

Jim Malone has been appointed chief financial officer of Misys, the software company, effective 18 June. Malone joins Misys from Trizetto, an IT company, where he has been chief financial officer since 2004. Misys’ current finance director, Howard Evans, will remain with the company until the end of June in order to assist the transition to his successor.

 

 

Roy Davis, current chief operating officer of Gyrus, is to become chief executive of the FTSE 250 supplier of medical devices. Davis was a non-executive director of Gyrus from its flotation in 1997 to 2003, when he assumed his present position.

 

 

Tony Hobson, acting chairman of Sage, is to assume the permanent role of non-executive chairman at the software company. Hobson joined the Sage board in 2004, and is also chairman of Northern Foods.

 

 

Gerry Spindler, chief executive of UK COAL, is to step down from the mining company’s board on 1 September. Jon Lloyd, currently the company’s property director, has been appointed chief executive designate. David Jones, chairman, said the board will be sad to see Spindler leave, but understands his desire to return to the US.

 

June 2007