Rank Group confirms departure of Ian Burke as Chairman

Further to publishing its Q3 2018/19 trading update, the governance of London-listed Rank Group Plc has this morning disclosed that Ian Burke will not stand for re-election as Corporate Chairman.

Updating investors, Rank informs that Burke has submitted a personal notice informing governance of his decision to end his 8-year tenure as Rank Group Chairman.

Rank governance informs that Senior Independent Director Chirs Bell has initiated the process to find Burke’s successor, and will provide an update when appropriate.

Ian Burke joined Rank as Chief Executive Officer in 2006, becoming Executive  Chairman in 2011 and Non-Executive Chairman in 2014.

Confirming his departure from Rank Group governance Ian Burke, Chairman, said: “I have enjoyed my time at Rank immensely and am extremely proud of what we have achieved as a company. I have decided to step  down as Chairman in the knowledge that Rank has a strong management team and  Board which will take the business forward through its transformation  programme.”

Commenting on the update, John O’Reilly, Chief Executive Officer, said: “Ian has played a key role at  Rank for many years. I would like to thank him personally for his invaluable support and counsel since I joined the company last year.”

In a further governance notice, Rank has disclosed that current CFO Bill Floydd has joined that Board with immediate effect.

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