Path Group PLC announces new Chief Executive
26th July 2002

The board of PATH Group plc has appointed Adrian Towland as it’s new Chief Executive.

The Path Group has experienced significant growth in recent years and in the process has invested substantially in its internal systems & operations. This has resulted in great improvements in the quality & sophistication of the service and support we can deliver to our many UK & international customers. We have also begun a major product development programme which has seen the Group move into exciting new premium Accessory & Connectivity categories.

Both of these initiatives are ongoing and will continue to show significant benefits in the coming months and years. As part of the continuing development process, the board of Path Group feels that a change in leadership is now appropriate.

Adrian Towland is one of the founders of the Path Group and has spent the last five years as President of Path’s successful US subsidiary, Path Group Inc. The US venture has contributed substantially to Group revenues in recent years and is now making tremendous progress in establishing the IXOS brand in that highly competitive market.

From today Adrian Towland will be Chief Executive of the Path Group. Tony Sanderson has stepped down as managing director and will leave the company. Panos Parissis will continue in his role as Chairman.

The Path Group was founded in 1983 by Adrian Towland, Panos Parissis & Ian Harrison. Today Path is a major force in premium Home Entertainment & Business Accessories with brands such as IXOS, STOREX, CASELOGIC, ALLSOP & FONELINE. It has subsidiaries in Detroit, USA & Hong Kong and it’s products are sold in over 40 countries throughout the world.

Path also operates two divisions within the Group that specifically target specialist retail categories. Path Premier distributes high-end Audio & Home Theatre brands such as Mark Levinson & Stax. Car Audio Labs is the leading UK distributor of premium Car Audio Entertainment products with brands such as Rockford Fosgate, Lightning Audio & Dragster.