Zamano Announce Resignation of Director

21st October 2011

zamano PLC (AIM:ZMNO, ESM:ZAZ), announces that John O’Shea, Chief Executive Officer, will be leaving the Group on November 18th, to pursue other interests.

Non-Executive Director Pat Landy will take a temporary executive role while the Board identifies a replacement CEO.

In the meantime, operational responsibility for the Group will rest with:

Margaret O’Connor, Managing Director, Everneo (Group D2C division)
Michael Connolly, Group Financial Controller, zamano

As reported in the Group’s interims in September, investment in web and mobile marketing had at that stage begun to show promise in terms of increased subscriber acquisition rates. This trend has accelerated through October, delivering a significant uplift in current and future revenues. The Group is looking to build upon this progress in the coming months, and will provide more guidance when longer term trends are established.

Mike Watson, Chairman, said:

“In John’s 9 years with zamano, the Group experienced high growth, followed by a period of severe revenue decline. John led an extended reengineering of the business firstly to stabilise revenues, followed by the moderate quarter on quarter growth reported in September, with further growth now being experienced. We’d like to thank John for leading the company through very difficult times, leaving it now well positioned for its next stage of development”.

Comments are closed.