4 October 2016
Craven House Capital plc
("Craven House" or the "Company")
Craven House Capital (AIM:CRV) announces that Mr. Richard Burrows has been appointed to the Board of the Company as Chairman with immediate effect. Acting Chairman, Mr. Mark Pajak, will remain on the Board as Non-Executive Director.
Mr. Burrows brings considerable experience to the Board, having spent over 35 years leading successful businesses in a diverse range of sectors from consumer goods to banking and financial services and will offer the benefit of extensive international experience in both developed and emerging markets. Mr. Burrows is currently Chairman of British American Tobacco Plc and Non-Executive Director at Rentokil Initial Plc and Carlsberg A/S.
Outgoing Chairman, Mark Pajak commented, "Craven House Capital shareholders are fortunate to have such a seasoned professional as Chairman as we continue to grow the Company. Mr. Burrows' extensive experience in our target markets and his relationships will be invaluable to the Company."
Mr. Burrows commented, "I am very pleased to join the Board of Craven House Capital. The Company's philosophy and strategy should provide an exciting opportunity for shareholders and I look forward to working with the Board and management to expand and grow the business."
Mr. Burrows is a qualified accountant. His executive career has been with Irish Distillers, where he was Chief Executive from 1978 to 2000 and at Pernod Ricard, where he was Co-Chief Executive from 2000 to 2005. He has been Chairman of British American Tobacco since 2009 and prior to that served as director, then Governor, of Bank of Ireland from 2000 to 2009.
Information in respect of Mr. Burrows as required by Schedule 2(g) of the AIM Rules for Companies is included below.
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For further information please contact:
Craven House Capital Plc
Tel: 020 7002 1027
Tel: 01483 413500
SPARK Advisory Partners Limited
Matt Davis/Mark Brady
Tel: 0203 368 3550
Additional information on Richard Burrows:
Full name: Richard George William Burrows
Current Directorships / Partnerships:
British American Tobacco PLC
Rentokil Initial PLC
Previous Directorships / Partnerships in the last 5 years:
Eurasian Natural Resources Corporation Limited
Voicesage Global Holdings Ltd.
There is no further information required to be disclosed in respect of the above appointment pursuant to Schedule 2(g) of the AIM Rules for Companies.
About Craven House Capital:
Craven House Capital is a frontier and emerging market focused merchant bank seeking value oriented long term investments. Craven House invests in all segments of the capital structure in partnership with local entrepreneurs and the local business community. Craven House provides long term patient capital and is often involved in restructuring, expansion and turn around investments in crisis and transitioning economies.
This information is provided by RNS