LONDON, Jan. 30, 2003 (PRIMEZONE) -- The Board of Cordiant (NYSE:CDA) is pleased to announce the appointment of Nigel Stapleton (56) as Chairman of Cordiant, replacing Charlie Scott, with effect from 1 March 2003.
Stapleton has extensive U.K. and international business experience and has spent more than 15 years in senior positions within the media sector. Prior to joining Reed Elsevier plc in 1986, Stapleton spent 18 years at Unilever where he held a number of senior finance, corporate development and management positions. Mr Stapleton worked at Reed Elsevier plc for 13 years and during that time he held a number of positions including Chief Financial Officer and Co-Chairman. Stapleton also spent two years with the U.S. based media investment bank Veronis, Suhler as Chairman of its European affiliate.
He is also currently a Non-executive director of AXA UK plc, Reliance plc, the London Stock Exchange plc and Chairman of UNIQ plc.
Nigel Stapleton has no details to disclose under paragraph 6.F.2(b) to (g) of the Listing Rules.