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Rainbow changes to the CEO

Mr Yannick Lakhnati will resign as CEO from the board of Rainbow with effect from 31 Jan 03. Mr Miles Dally has been appointed to the board as the new CEO with effect from 1 Feb 03. Mr Lakhnati believes that the turnaround of Rainbow from a loss making company to a profitable business with a strong foundation is complete. He has decided to move on to new challenges. Mr Miles Dally, previously the group MD of Robertsons Holdings, has 20 years of success in the consumer goods industry, and brings a wealth of knowledge and experience to Rainbow.