Current chairman and CEO Stephen Rubin willremain active as the chairman after the change next Jan. 1. Andy,32, has been on Pentland's board since 1995 as marketing directorand has been the heir apparent for some time to the Pentland operation.Current COO Peter McGuigan has decided to leave the company,effective Sept. 30, to form his own company. Pentland also namesHarvard B School professor John Welch to its board.

For the first half ended June 30, Pentland profitfell 26 per cent to £1.9 million ($3.1 mm) from £7.3million. This year's results includeda £7.4 million write-off from the disposal of the greetingcard business. Sales ... Log in to view full article.