Page 23 - Stakis C Case Study

Appendix 1

It should be clear from the above that the Group had been

undergoing a period of significant change during the past
year and, indeed, for the past few years. During this period

the composition of the Board of Directors has likewise been

subject to change. The membership at the time of

publication of the 1992 accounts was:

Sir Lewis Robertson "Chairman"

David Michels (Chief Executive)

Sir Kenneth Alexander (Non Executive) Retiring at AGM
Charles Bystram (Non Executive) Retiring at AGM

Neil Chisman (Group Finance Director)

Sir Charles Fraser (Non Executive)
Tom Hamilton (Managing Director Ashbourne

Hotels) - Resigning on sale of Division

Sir Reo Stakis (President)

Richard Cole-Hamilton (Non Executive)

This can be compared with the Board in 1988:

Sir Reo Stakis (Chairman and President)

Andros Stakis (Group Managing Director)
Francis O'Callaghan (Deputy Managing Director and

Group Finance Director)

Stuart Jenkins (Managing Director of Stakis Leisure)

Donald J MacDonald (Managing Director of Hotels
Division)