TLA Worldwide plc announces that it has appointed Ian Gray as Executive Chairman of the Group. Ian Gray is expected to be appointed to the Board as soon as practicable at which point Keith Sadler, the current interim Non-Executive Chairman, will revert to his position as Senior Non-Executive Director. Additionally, for personal reasons Richard Shamsi has tendered his resignation as a director with immediate effect but will continue to act as Chief Financial Officer for the time being and support Ian Gray in the initial stage of his review.