Wednesday, July 7, 2010

News: Changes at Oak Holdings


Oak Holdings, the operator of Rother Valley Country Park and promoter and developer of the £350m YES! Project in Rotherham, has made changes to their board as they move to become an asset-based leisure business operator.

Malcolm Savage, Chairman of Oak for 10 years, has resigned from the board and retired but will continue to advise the company on a consultancy basis.

Following a successful fundraising in March 2010, Oak implemented its strategy to reposition the group as a leisure business operator and developer of the YES! Project. As part of this strategy, Oak has made new appointments to the board.

Mike Woodcock will become the new executive chairman, Simon Hamilton-Holbrook will become the commercial director and Mark Bullock will be a non-executive director.

Steve Lewis, chief executive of Oak said: "I am very pleased to announce these important appointments to the Board.

"The new directors have weighty and broad experience in the leisure and property development sectors, all achieving notable successes. I believe that their combined skills position Oak ideally to pursue, with confidence, its strategy to develop profitable leisure operations, whilst realising the significant value of its property portfolio."

Oak Holdings website


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