Rank Group's chairman, Sir Denys Henderson, is stepping down after next month's annual meeting.

Alun Cathcart, chairman of Avis and Selfridges, will succeed him.

One senior analyst described Sir Denys' reign as "a complete debacle".

The Times 10/03/01 page 55

The Daily Telegraph 10/03/01 page 31 (citycomment)

The Guardian 10/03/01 page 25