It is with great pleasure that Karma announces the promotion of Gary Knowles to the position of chief executive officer for the Karma Royal Group. Gary has been with the group for a number of years and has contributed greatly to our growth and development and has impressed many people both internally and externally with his skill and expertise Following this appointment John Spence will assume the role of executive chairman for the group and will additionally focus an element of my time on helping michael and management with sales and marketing issues.