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For Immediate Release

6 November 2009

CORAC GROUP plc

("Corac" or the "Company") 

Directorate change

Corac (AIM: CRA) is pleased to announce the appointment of Mark Crawford to the Board as Finance and Commercial Director with immediate effect. Mark, aged 42, is a chartered accountant and has been a director of various companies, most recently being a director of Gondola Group Plc, where he was primarily responsible for managing the extensive supply chain. Mark started working with Corac last month.

Mark Crawford will, in his Finance Director capacity, replace Philip Newell. Philip has resigned with immediate effect and is leaving Corac to pursue other interests.

Gerry Musgrave, Executive Chairman of Corac, commented: 

"We are delighted to have Mark joining us. He adds commercial breadth to the management team at an exciting time for Corac. Working alongside our new Chief Executive Phil Cartmell, Mark will help Corac to capitalise on its strong market potential." 

"On behalf of myself and the Board, we would like to thank Philip for all his contributions during his time at Corac and wish him all the very best for the future."

The following disclosures are being made under Schedule 2(g) of the AIM Rules following Mark's appointment to the Board of Corac.

 

Mr Mark Stephen Crawford is or has been a director of the following companies and organisations during the past five years: 

 

Current directorships:

Pink and Blue Ltd

Previous directorships:

Gondola Group Plc 

Synergys Consulting Ltd

FSL Events Ltd

FSL Event Management Ltd

Mark Crawford was a director of FSL Event Management Ltd a company which went into voluntary administration in February 2004. There is no further disclosure required with regard to Schedule 2(g) of the AIM Rules. 

For further information:

Corac Group plc	+44 (0)1895 813463
Professor Gerry Musgrave, Executive Chairman   Phil Cartmell, CEO
FinnCap	+44 (0)20 7600 1658
Geoff Nash/Marc Young
Buchanan Communications  Richard Darby/Ben Romney	+44 (0)20 7466 5000

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