24 Feb 2009
The Board of Directors of Bakkavör Group announces today that Non-Executive Directors Antonios Yerolemou and Panikos J. Katsouris have for personal reasons decided to step down as Members of the Board of Directors with immediate effect.
Antonios Yerolemou, aged 67, and Panikos J. Katsouris, aged 58, joined the Board in 2001 as Executive Directors following the Group's acquisition of Katsouris Fresh Foods in 2001. Mr. Yerolemou retired as CEO of Katsouris Fresh Foods in 2002 and took up the role as Chairman until 2005. Mr. Katsouris stepped down as Finance Director of Katsouris Fresh Foods in 2002.
Commenting on this, Lydur Gudmundsson, Chairman of the Board said:
"On behalf of the Board, I would like to thank Antonios and Panikos for all their work for Bakkavör Group and the significant contribution they have made to the business over many years. We wish them and their families well for the future."
Further information:
Iceland:
Snorri Gudmundsson
Investor Relations
Bakkavör Group hf
Tel: +354 550 9710
Mobile: +354 858 9710
E-mail: snorri@bakkavor.com
UK and international:
Fiona Tooley
Citigate Dewe Rogerson
Mobile: +44 (0) 7785 703523
Tel : +44 (0)121 455 8370
E-mail: fiona.tooley@citigatedr.co.uk
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