Ron Freeman is currently chief executive officer of Lipper & Company International Ltd, an IMRO/FSA regulated company and European subsidiary of Lipper & Company, a U.S.-based funds manager. He was previously Vice Chairman of Schroder Salomon Smith Barney (SSSB) Europe. During his 21 year career at SSSB, Ron held a broad range of senior positions in New York and London, including Co-Chief Executive of SSSB's European activities.
Mike Whitaker, current Chairman and a co-founder of EO plc, will continue to work closely with the company in his role as CEO of NewMedia SPARK, EO's largest shareholder.
Commenting on the Board changes, Mike Whitaker said;
"I am delighted that Ron Freeman has agreed to take my place as non-executive Chairman of EO. Ron brings great expertise and wisdom to the role and his extensive experience in international finance will be invaluable as EO continues to build its business globally.
I am very proud of the achievements EO has made over the last two years, successfully building an unrivalled pan-European distribution network, operating both on-line and off-line. EO is now strongly placed to become a very substantial and profitable business when markets begin to recover. I have every confidence that EO will continue to make rapid progress. As CEO of NewMedia SPARK I look forward to continuing to give EO every possible support in the months and years ahead to help it achieve its full potential."
Ron Freeman said:
"I have accepted the responsibility of EO Chairmanship because of my confidence in the ability of EO's talented management team to continue to develop its cost-efficient securities distribution business, notwithstanding currently depressed trading conditions."
John St John, CEO of EO plc commented:
"I would like to thank Mike Whitaker for his hard work, support and guidance over the last two years as Chairman of the company. As a founder and major shareholder in EO, we will continue to work very closely together. We welcome Ron Freeman, who has kindly agreed to lead the company as non-executive Chairman. Ron's experience, reputation and skills as an international financier will be great assets to the company."