LONDON, Nov. 26, 2002 (PRIMEZONE) -- The Board of Cordiant (NYSE:CDA) announces that Andy Boland, who has been with the Company for five years and who is currently Deputy Finance Director, is appointed Group Finance Director and is to join the Board from January 1, 2003.
Art D'Angelo, currently Group Finance Director, has informed the Board of his intention to resign from the Company to take up another post in the industry. He will remain on the Board until the end of the year and he will work closely with Andy Boland during a transition period.
Charlie Scott, Cordiant's Chairman, commented: "As Deputy Finance Director, Andy has been groomed for this job for some time, and we are confident that the transition will be seamless given Andy's in-depth knowledge and experience of the Group."