Board Appointment

Board Appointment

Further to the announcement on 4th November, AssetCo plc is pleased to announce that Andrew Freemantle CBE has joined the Board of the Company as a non-executive director with effect from 1st January 2010.

Andrew Freemantle, age 65, has extensive leadership experience in complex, multi-site organisations providing mission critical services to the public both in the UK and Internationally.

He has recently retired as Chief Executive of the Royal National Lifeboat Institution a position he held for ten years. The RNLI is the world’s largest lifeboat service with an annual budget of over £124 million, operating with 450 lifeboats from 235 lifeboat stations with 1,250 staff and 4,700 volunteer crew. During his tenure at the RNLI, Andrew introduced many successful initiatives including the building and opening of a residential training college and survival centre, new Strategic Performance Standards, competency based training of lifeboat crew and RNLI lifeguards on 150 public beaches. He also developed overseas commercial interests, which capitalise on the RNLI’s extensive experience by providing expertise and support to lifeboat services worldwide, including the Middle East and Asia.

He currently owns 8,480 shares in the company.

AssetCo                                                       Tel: +44 (0) 20 8515 3999
John Shannon, Chief Executive Officer                      
James Collins, Investor Relations          
Pelham Public Relations                              Tel: +44 (0) 20 7337 1550
Alex Walters             
Francesca Tuckett        

Arden Partners - NOMAD 
                           Tel: +44 (0) 20 7614 5932
Richard Day          
Adrian Trimmings