Mr Fallon's service contract was due to expire at the company's annual general meeting in January 2012. To date Mr Fallon's treatment appears to have gone well and he continues to carry out his executive duties.
At a board meeting held on 9 November the board resolved that, following a recommendation of its nominations committee comprising the non-executive directors of the company only, subject to shareholder approval at the annual general meeting on January 26 2012, Mr Fallon's service contract be extended by another year until the annual general meeting in January 2013. At that point Mr Fallon intends to retire as chairman of Euromoney.
