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Owen Price Retires From The Board Of Dairy Farm
Hamilton, Bermuda: May 09, 2007 - Dairy Farm International Holdings Limited today announced that Mr. Owen Price had retired as a Director of the Company at its Annual General Meeting held in Bermuda. Owen Price first joined the Dairy Farm Group in 1974, and had served as its Managing Director from 1981 to 1993.
Chairman of Dairy Farm, Simon Keswick, said "I would like to express our great appreciation for the significant contribution made by Owen price during his 33-year association with Dairy Farm. As Managing Director he led the group through an important period in its development and remained a valuable member of the Board following his retirement from executive office."
Dairy Farm is a leading pan-Asian retailer. At 31st December 2006, the Group and its associates operated 3,573 outlets - including supermarkets, hypermarkets, health and beauty stores, convenience stores, home furnishings stores and restaurants; employed over 64,000 people in the region; and had 2006 total sales of US$6.0 billion.
Dairy Farm International Holdings Limited is incorporated in Bermuda with its primary share listings in London. The Company's shares are also listed in Bermuda and Singapore. The Group's businesses are managed from Hong Kong by Dairy Farm management Services Limited through its regional offices. Dairy farm is a member of the Jardine Matheson Group.