Printer-friendly pageMonday, December 17, 2007
Ken Dulieu, Jim Hone and Andy Oldknow have all reached agreements to leave with immediate effect following the collapse of the proposed takeover with SISU, who instead bought into Coventry last Friday.
The directors felt that if the major shareholders were not prepared to back this proposal then there was little point in them continuing.
The Company's Annual General Meeting will go ahead as planned for Friday 21 December 2007 at St Mary's Stadium at 11.30am with Keith Wiseman, one of the Company's Non-Executive Directors, taking the chair.
The Company is in the process of identifying a Chairman to succeed Ken Dulieu and a Chief Executive to succeed Jim Hone. A further announcement will be made in this regard in due course.
In the meantime, Lee Hoos is combining the role of Chief Executive with his current role of Operations Director.
