LONDON (ShareCast) - (Sharecast News) - Altitude said it was trading in line with expectations as the personal product technology group announced the appointment of a new chairman to replace Keith Edelman.
Edelman, the former managing director of Arsenal FC, will leave on 26 November after two years in the job. He will be replaced immediately by David Smith, a non-executive director of Altitude.

Smith, who is 62, is chairman of Lockton, an insurance broker, and a director at AIG UK and Bupa Insurance. He was chief executive of Zurich Insurance and chairman of Polaris UK.

Altitude also said it had made good progress in the six months to the end of September as the US promotional product sector recovered. The company's shares rose 7.4% to 28.99p at 10:39 GMT.

Chief Executive Nichole Stella said: "We are delighted to welcome David Smith to the board. His expertise in industries that have evolved through technology advancements and industry shifting buying behaviours will be invaluable. The company is trading positively and in line with management's expectations."

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