John Lewis of Hungerford announced the resignation of Mr. Kenneth McNaught as a non-executive director of the Company and the appointment of Mr. Gary O'Brien as his replacement as Chairman with immediate effect. Mr. McNaught had decided not to put himself forward for reappointment as Chairman at the next AGM due to the time commitment he considered the role required which conflicted with his other responsibilities. Mr. O'Brien worked with companies such as Allied Lyons, Granada Group and Black & Decker and has over 15 years public company experience. He joined Max Factor in 1982 as Deputy Managing Director and Finance Director.