22 July 2010
Colt, a leading provider of business communications and IT managed services, announced today planned changes to the Board. Frans van den Hoven, a Non Executive Director, will retire from the Board on 31 December 2010 and Tony Bates will resign as Chief Operating Officer and an Executive Director on 31 July 2010. Mr van den Hoven and Mr Bates have been members of the Board for 13 and 6 years respectively.
Commenting on the departure of Frans van den Hoven, Tim Hilton, Chairman, said: "Frans has been an exceptional Non Executive Director. Colt has had the good fortune of benefiting from his wise counsel and independence of thought since the original flotation of the company. We are grateful
for his valuable contribution and commitment over the years and wish him all the very best for the future."
Commenting on the departure of Tony Bates, Rakesh Bhasin, Chief Executive Officer, said: ‘Tony has played a leading role in creating a strong infrastructure for the Colt business. During his time as an Executive Director and as our CFO and latterly our COO, he has contributed to the development of Colt’s strategy, built and developed many of our key shared services functions and created a strong foundation on which we can now build. He has successfully managed a wide portfolio of our business activities and we are very grateful to him for the significant contribution that he has made to the Colt business. Colt will continue to benefit from this legacy. We would like to wish him well for the future'.
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