Thursday 28 August 2008

CATTLES plc

James Corr to step down as Cattles Finance Director in February 2009

Following seven years of dedicated service to Cattles, James Corr, the Group Finance Director, will be leaving the Group after the announcement of the preliminary results in February 2009 to spend more time with his family and pursue other interests. 

During his time with the Company, he has been part of the successful team that has transformed a business that was dependent on Home Collect to what is now a market leader in the non-conforming consumer finance sector in the UK.  

David Postings, Cattles CEO, said: "I would like to place on record my thanks to James for the commitment he has shown Cattles over the years and his central role in creating the business it is today. Personally, I would also like to thank James for his friendship and support during my first year as CEO. Being able to draw upon his detailed knowledge of the business has greatly assisted me in my transition into the role. Filling James' shoes won't be easy, but the search for his successor is now underway and I'm delighted that James will stay with us to ensure a smooth handover over the next six months."

ENQUIRIES

On 28 August 2008:

David Postings, Chief Executive                                      Tel:     020 3170 7327

James Corr, Finance Director

Geoffrey Pelham-Lane, Financial Dynamics                Tel:     020 7269 7194

Paul Marriott, Financial Dynamics                                  Tel:     020 7269 7252

29 August 2008 onwards:

Cattles plc                                                                          Tel:    01924 444466

Financial Dynamics                                                         Tel:    020 7269 7252

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