Mr Grigson will become Chairman on 3rd August 2012 after the announcement of the Company's interim results. Sir Ian Gibson will retire as a director and as Chairman on that day.
Mr Grigson, a Chartered Accountant, was formerly Chief Financial Officer of Reuters Group plc and prior to that of EMAP plc. He is currently Chairman of Creston plc and a non executive director of Standard Life plc, and Ocado Group plc. He was previously a non executive director of Carphone Warehouse plc.
The Nominations Committee led by the Senior Independent Director Gary Hoffman oversaw the search assisted by Egon Zender International before making a unanimous recommendation to the Board.
