28 Nov 2002

Interserve Plc announces the following planned changes to the board:

Adrian Ringrose is appointed to the position of Deputy Chief Executive with effect from 1 January 2003. It is anticipated that Adrian will be appointed as Chief Executive with effect from 1 July 2003.  He is 35 years of age, has been with the Group for some 5 years and is currently an executive director with special responsibility for the Facilities Services Division. 
 
Mike Bottjer will continue as Chairman but expects to be able to reduce his time commitment from December 2003.
 
Clive Groom, who joined the Board in January 2001 as an executive director has given notice of his intention to retire early and will, accordingly, leave the Group on 31 December 2003 upon the expiry of such notice.
 
David Keys will retire at the next AGM in May 2003, at the age of 69, having given some 13 years service to the Group in a non executive capacity. John Padovan, who has been on the Board as a non executive director for some 6 years, will replace David as Non Executive Deputy Chairman.
 
William Rogers will retire on 31 December 2002, after some 6 years service as a non executive director, and on 1 January 2003 Patrick Balfour will join the Board as a non executive director. Patrick is 61 years of age, a solicitor, and until 2001 was a partner in Slaughter and May.