Empresaria Group plc at its Annual General Meeting held on May 2, 2018, announced that Mr. Joost Kreulen, Director who will be retiring by rotation. He therefore retires from his position as Chief Executive Officer. Spencer Wreford has been appointed the Chief Executive Officer of the Group.

Spencer joined the Board in 2010, initially as Group Finance Director, before taking the role of Chief Operating Officer in 2017. Joost will continue to be involved with the Group as a part-time consultant, with a specific focus on the Group's operations in Germany and Austria. With this ongoing support, the appointment of Tim Anderson as Group Finance Director and other hires made in the head office team, there is no current intention to replace the Chief Operating Officer role.