ANM chief Brian Pack to retire next year

ANM Group executive Brian Pack has announced this week that he will retire from the company at the end of April 2009, after the AGM.

He said it was never easy to decide when to go and, while it would be possible to stay on a while, "I am already well past the timing I envisaged a few years ago". Pack added it was only right to announce a date some months ahead, enabling time for a full search and a proper handover to his successor.

"It would have been desirable to hand over in a more favourable trading environment, but I suspect that is some years away," he said. "However, the financial strength and breadth of the group leaves me with optimism for its future prospects."

John McIntosh, the chairman of ANM said the board respected Pack's decision and were pleased that they had an adequate lead in time to ensure an orderly handover. He went on to say, "Over the years Pack has been a tower of strength and inspiration to all involved in the Group and he leaves us in a strong position to face the future - it is good to know that his wise counsel will still be available to us due to his deep commitment to the wellbeing of the group."

A selection panel of group board members aided by a recruitment consultant will immediately start the process of selecting a chief executive.

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