DUBLIN, Ireland, June 25, 2004 (PRIMEZONE) --
Waterford Wedgwood plc
(Waterford Wedgwood or the Group)
Waterford Wedgwood announces that Chris McGillivary, Chief Executive
and President of Waterford Wedgwood USA -- the American arm of the
Group -- and a Director of the Group, has decided to retire early.
John Foley, Chief Executive, Waterford Crystal, will add
responsibility for Waterford Wedgwood USA to his current role.
Mr. McGillivary was CEO of Waterford Wedgwood USA for 14 years. In
that time, sales grew by 125%, Waterford Crystal's market share in
America doubled and profitability was greatly enhanced.
Perhaps the highlight of McGillivary's tenure was his idea of the
Waterford Times Square Ball for the millennium and the highly
successful product collection that he conceived with the millennium
theme which sold worldwide from 1995 to 2000.
Redmond O'Donoghue, Group Chief Executive, said: "Chris McGillivary
played an important role in the dramatic growth of the company during
his tenure and greatly strengthened, extended and confirmed the
status of our brands in America. We wish him every possible success
in his retirement."
25 June, 2004
ends
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