December 3, 2007 -- Bill McGrath who joined International Medical Devices Plc and was appointed as Chief Operating Officer on November 2nd 2007, has today been appointed Chief Executive Officer. Bill will also continue in the role of Chief Operating Officer.
Bill has had a significant impact on the Company since he joined and replaces Chris Thomas in the role of Chief Executive Officer.
Chris joined the Board as a non-executive director in September 2004, prior to the company's admittance to AIM in November 2004, and became CEO from April 2005.
Chris has a history of business start-ups in the UK and France and is leaving the Company to pursue other projects. He has resigned by mutual consent and intends to fully support the Board of IMD in its direction in the future.
Lindsay Sanford, Executive Chairman of IMD commented, "We are sorry to lose Chris, and the Board wishes to recognise the effort that Chris has put into building IMD over the past three years and we wish him every success for the future."
For further information, contact:
International Medical Devices Plc: Lindsay C. S. Sanford 020 3008 4732
J M Finn Capital Markets: Geoff Nash 020 7600 1658
Source: Regulatory News Service