.JPG)
AlanDick
secures
significant term
financing
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December 2007 –
AlanDick & Company has
secured significant term financing from
Lloyds TSB Bank for both newly created
European and International divisions of the
Company. This brings to a conclusion the
implementation of the restructuring plan
following the detailed strategic review led
by Duncan Lewis. Duncan has now completed the role for which he was brought in and he has decided to step down as Chairman of the Group. Bob Ellis is appointed as Chairman with immediate effect. Duncan Lewis commented: It is with great pleasure that I am able to announce not only the successful restructuring and refinancing of AlanDick, but also the appointment of Bob Ellis as my successor. The AlanDick team continues to focus on technical excellence and certainty of delivery and I wish, Bob, the Company and its management team every success. Bob Ellis commented ”I am very happy to be joining AlanDick at this point in its development and look forward to working with the team on delivering the objectives that have been agreed as part of the strategic review ”
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Bob Ellis, Chairman
Bob is an experienced chairman and advisor of businesses
going through a period of change. He has worked with both plc's and
private equity firms and has led a number of companies in the UK and
USA. Most recently he was Executive Chairman of a billion dollar
automotive parts company. Bob assisted the management in the
implementation of operational and financial strategies that generated
significant value for stakeholders. Prior to this Bob has been
responsible for the start-up and development of businesses in
communications, broadcasting and electronics. |
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