7digital Group appoints Paul McGowan to its Board as Non-Executive Director

– UK, London – 7digital (AIM:7DIG), the digital music and radio services company, is pleased to announce the appointment of Paul McGowan as a non-executive director of the Company.

Mr. McGowan founded retail restructuring group Hilco UK in 2000 in a joint venture with Hilco, where he currently serves as Chief Executive to the company. Paul is also currently the Chairman of HMV, the entertainment retailer, as well as Denby Pottery Group in the UK and the KRAUS Flooring group in Canada. Goodmans Capital Investment Limited, a company within the Hilco group, is the beneficial owner of 20.3% of the Company’s issued share capital.

Since qualifying as a Chartered Accountant in Northern Ireland, Paul has held directorships at more than 100 companies during his professional career and brings with him a vast amount of experience.

Simon Cole, CEO of 7digital, commented: “We are delighted to welcome Paul to the board of 7digital. His deep corporate experience will be of enormous value to us.”

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