TIDMESNT
RNS Number : 5141Z
Essentra plc
15 December 2017
ESSENTRA PLC
A leading global provider of essential components and
solutions
BOARD CHANGES
Essentra plc ("Essentra" or "the Company") today announces the
following Board changes which will take effect following the
Company's 2017 Annual General Meeting on 19 April 2018.
Terry Twigger will step down from his current roles as Senior
Independent Director ("SID") and Chairman of the Audit Committee,
and will retire from the Board of Essentra. Terry joined Essentra
as a Non-Executive Director and Chairman of the Audit Committee in
2009, and was subsequently appointed as SID in 2014.
Tommy Breen, who joined the Board as a Non-Executive Director in
2015, will be appointed to the role of SID. Tommy recently retired
as Chief Executive of DCC plc - the international sales, marketing,
distribution and business support services group - and brings
significant experience to the position, having successfully grown
diverse businesses both organically and via acquisition during his
30-year career with DCC.
Mary Reilly, who joined the Board as a Non-Executive Director in
2017, will be appointed Chairman of the Audit Committee. Having
previously been a Partner at Deloitte LLP for more than twenty
years, as well as serving on a number of Boards since 2000, Mary
has extensive accounting, finance and international management
experience.
Commenting on today's announcement, Paul Lester, Chairman,
said:
"On behalf of the entire Board, I would like to thank Terry for
his dedication and significant commitment to Essentra during his
nine-year tenure. He has been unfailing in his support and guidance
throughout, and I and my fellow Board members will miss both his
financial insight and wise counsel. We wish him all the very best
for a long and healthy retirement.
I am delighted that Tommy and Mary are assuming the roles of
Senior Independent Director and Audit Committee Chairman
respectively. I have no doubt that their extensive experience,
gained in a variety of industries and over a number of years, will
add considerable perspective and valued stewardship as Essentra
continues its successful evolution."
Enquiries
Essentra plc Ogilvy PR London
Joanna Speed, Investor Relations Sarah Edwards
Director Tel: +44 (0)7506
Tel: +44 (0)1908 359100 409668
E-mail: sarah.edwards@ogilvy.com
Notes to Editors
About Essentra plc
Essentra plc is a FTSE 250 company and a leading global provider
of essential components and solutions. Essentra focuses on the
light manufacture and distribution of high volume, enabling
components which serve customers in a wide variety of end-markets
and geographies.
Component Solutions
The Components business is a global market leading manufacturer
and distributor of plastic injection moulded, vinyl dip moulded and
metal items. Operating units in 29 countries serve a very broad
industrial base of customers with a rapid supply of products for a
variety of applications in industries such as equipment
manufacturing, automotive, fabrication, electronics and
construction.
The Pipe Protection Technologies business specialises in the
manufacture of high performance innovative products from commodity
resins to engineering-grade thermoplastics and polymer alloys for
use in a range of end-markets. Locations in four countries,
combined with a wide distributor network, serve customers around
the world.
Essentra Extrusion is a leading custom profile extruder located
in the Netherlands which offers a complete design and production
service. One of the first companies to extrude plastics in 1956,
Essentra is now one of Europe's most advanced suppliers of
co-extrusion and tri-extrusion to all branches of industry.
The Security business has access to a wide portfolio of products
and services, including printers, software and consumables from
leading manufacturers.
Health & Personal Care Packaging
A leading global provider of packaging and authentication
solutions to a diversified blue-chip customer base in the
pharmaceutical, health & personal care, consumer and specialist
packaging sectors. The business focuses on delivering value-adding
innovation, quality and service through the provision of a wide
range of printed products and solutions, including cartons, tapes,
leaflets, foils, labels and authentication solutions.
The Speciality Tapes business has expertise in coating multiple
adhesive systems in numerous technologies. With close to 3,000
adhesive products available for same-day shipping, Essentra's
products can meet all high performance needs, from foam, magnetic,
finger lift and acrylic high bond tapes to hook and loop and
non-skid foam.
Filter Products
Essentra Filter Products is the only global independent
cigarette filter supplier. The nine worldwide locations, including
a dedicated Technology Centre supported by three regional
development facilities, provide a flexible infrastructure
strategically positioned to serve the tobacco industry. The
business supplies a wide range of value-adding high quality
innovative filters, packaging solutions to the roll your own
segment and analytical laboratory services for ingredient
measurement to the industry.
Headquartered in the United Kingdom, Essentra's global network
extends to 33 countries and includes c. 8,000 employees, 48
principal manufacturing facilities, 64 sales & distribution
operations and 4 research & development centres. For further
information, please visit www.essentraplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAFELFFDLFLFBB
(END) Dow Jones Newswires
December 15, 2017 06:24 ET (11:24 GMT)
Essentra (LSE:ESNT)
Historical Stock Chart
From Apr 2024 to May 2024
Essentra (LSE:ESNT)
Historical Stock Chart
From May 2023 to May 2024