Heating Finance PLC - New CEO of Baxi Group

RNS Number:5267L
Heating Finance PLC
10 January 2008

HEATING FINANCE PLC
APPOINTMENT OF NEW CEO OF BAXI GROUP

Baxi Holdings Limited announces that Mark Edwards, Group Chief Executive
Officer, has left the Group with immediate effect.

Mark and the principal shareholders of the Group believe that a change in
leadership is appropriate to take the Group forward into a new phase in its
development, in which growth must be balanced with a more focused approach to
cost reduction and control as markets become more competitive.

Martyn Coffey, Managing Director of the Group's UK businesses, has been
appointed Group Chief Executive Officer with immediate effect.

Baxi Holdings Limited is the parent company of Heating Finance PLC.

This information is provided by RNS
The company news service from the London Stock Exchange

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