11 February 2011 CHANGES TO SOLCO?S BOARD AND MANAGEMENT Solco Limited?s (ASX: SOO) (?Solco? or ?the Company?) Non-executive Chairman Mr David Richardson will assume the role of Executive Chairman, effective immediately, following the temporary absence of Managing Director and Chief Executive Officer Mr Mark Norman due to health concerns. Mr Norman will be absent from Solco for approximately 3-months for rest and recuperation. Mr Richardson, who was appointed Solco?s Chairman in November 2009, has been a company director for more than five years and was also formerly the Company?s CEO and Managing Director. Mr Richardson is also Solco?s largest shareholder. His strong knowledge of the Company and experience within Solco will ensure operations continue uninterrupted during Mr Norman?s temporary absence. Over the past five years Mr Richardson has been integral in shaping and developing Solco into a strong and profitable wholesale supply company. Solco achieved three years of consecutive profit and revenue growth and remains comfortably on-track to continue this trend into the future. Mr Steve Missen, currently the Executive Manager of Solco?s core wholesale Products Division, has been appointed acting Chief Financial Officer for the group. Mr Missen will continue in his current role in addition to his new responsibilities as acting CFO. For further information, please contact David Richardson Phone +61 (8) 9334 8100 Media enquiries
GOE Price at posting:
11.5¢ Sentiment: ST Buy Disclosure: Held
