Devro PLC Directorate Change (8741Y)
December 11 2017 - 1:00AM
UK Regulatory
TIDMDVO
RNS Number : 8741Y
Devro PLC
11 December 2017
Devro plc
Directorate Change
Rutger Helbing to succeed Peter Page as Chief Executive
Devro plc ("Devro" or the "Group") announces that, after 10
years with the Group, Peter Page has agreed with the Board that he
will step down from his role as Chief Executive after the
announcement of the Group's 2017 Full Year Results on 27 February
2018. Rutger Helbing, currently Group Finance Director, will
succeed Peter Page as Chief Executive on 28 February 2018, when
Peter Page will leave the Board. To ensure an orderly transition,
Peter Page will continue to be available in an advisory capacity as
needed. A search for Rutger Helbing's successor has commenced and
an announcement regarding this appointment will be made in due
course.
Rutger joined Devro as Group Finance Director in April 2016.
Prior to joining the company, he was Group Chief Financial Officer
of Element Six, the global leader in manufacturing synthetic
diamond supermaterials. Previously, Rutger held senior positions in
finance and general management with ICI/Akzo Nobel and Unilever.
Rutger is a Dutch national with a postgraduate degree in finance
from the Free University, Amsterdam, and a degree in economics from
Erasmus University.
The Nomination Committee undertook a thorough process to
identify the most suitable individual to replace Peter, considering
both external and internal candidates, before deciding Rutger was
the appropriate person to take up the role of Chief Executive.
Gerard Hoetmer, Chairman, commented:
"Peter has made a huge contribution to Devro during the last 10
years, turning the Company into one of the world's leading
suppliers of collagen casings for food, with a network of
world-class manufacturing facilities. He will leave with our best
wishes and we wish him every success with the next steps of his
career. We are delighted to have someone of Rutger's calibre to
succeed Peter and we are happy that, after having worked together
for almost two years, there will be a smooth transition of
leadership."
This announcement contains inside information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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