Press
CHANGE OF DIRECTORS
11.05.2010
Release date: 11 May 2010 – For immediate release
CLS HOLDINGS PLC (“CLS”)
CHANGE OF DIRECTORS
At a meeting of the Directors following CLS’s Annual General Meeting held on 11 May 2010, the following changes were made to the Board of the Company:
1. Further to the announcement made on 11 March 2010, Richard Tice, Deputy Chief Executive Officer, was appointed to the Board of the Company with immediate effect;
2. Bengt Mortstedt resigned as Non-Executive Director of the Company with immediate effect. Having helped to establish CLS, Mr Mortstedt joined the Board as an Executive Director in 1987 and became a Non-Executive Director in 1998; and
3. Jennica Mortstedt was appointed as a Non-Executive Director of the Company with immediate effect. Ms Mortstedt, 26, is the daughter of Bengt Mortstedt and has eight years' experience in the hotel industry. She has a degree in International Business and Hospitality from Ecole Hotèliere de Lausanne, Switzerland.
Sten Mortstedt, Executive Chairman of CLS, commented:
"I am delighted that Richard has joined the Board. His experience is already proving to be of great benefit to us as we continue to develop our business in the current challenging economic environment. The Board also wishes to thank Bengt for his contribution to the success of CLS over the last 23 years and wish him well for the future. We are delighted that Jennica has agreed to join CLS and look forward to working with her."
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For further information, please contact:
CLS Holdings plc:
Sten Mortstedt, Executive Chairman +44 (0)20 7582 7766
Henry Klotz, Chief Executive Officer +44 (0)20 7582 7766
Richard Tice, Deputy Chief Executive Officer +44 (0)20 7582 7766
Kinmont Limited:
Jonathan Gray +44 (0)20 7087 9100
