Directorate Change
October 18 2007 - 1:00PM
UK Regulatory
RNS Number:9538F
Punch Graphix PLC
18 October 2007
PRESS RELEASE
Punch Graphix plc and Punch Graphix nv appoint new CEO
York, UK and Vijfhuizen, the Netherlands, 18 October 2007 - The Board of
Directors of Punch Graphix plc and the Supervisory Board of Punch Graphix nv
announce that Ben Van Assche is to step down as Chief Executive Officer (CEO)
with effect from 31 December 2007. He will be succeeded by Wim Deblauwe, current
Chief Financial Officer (CFO) at Punch International nv, the majority
shareholder of Punch Graphix nv, and a Non-Executive Director of Punch Graphix
plc. Ben Van Assche will be appointed as a member of the Punch Graphix nv
Supervisory Board with effect from 1 January 2008.
Following the unexpected death of Dick Tilanus in January 2006, Ben Van Assche
was appointed CEO of Punch Graphix plc in April of the same year. Prior to
joining Punch Graphix plc, he had been active in the chemical and pharmaceutical
industries for more than 30 years, including positions as President of UCB
Pharma and UCB Chemicals and as CEO of Cytec Surface Specialties nv. Last July
he was appointed CEO of Punch Graphix nv. Punch Graphix nv holds approximately
97% of the shares of Punch Graphix plc.
"My efforts for Punch Graphix have consistently focused on leading the
development of the Group in the interest of all its stakeholders. The evolution
of the shareholder structure since the beginning of this year has added an extra
dimension," said Ben Van Assche. "The foundation has been laid for further
development and I will continue to support Wim Deblauwe, whom I congratulate on
his appointment."
Prior to his appointment as CFO at Punch International, Wim Deblauwe fulfilled
various operational and executive roles at Punch Graphix and as such he is well
acquainted with the company and the graphics industry. There are no further
disclosures required under para (g) of Schedule 2 of the AIM rules in relation
to Wim Deblauwe.
"We are very grateful for Ben Van Assche's professional contribution. He has
skilfully guided the Group through a difficult transition. We are, therefore,
pleased that he will remain involved in the development of Punch Graphix as a
member of the Supervisory Board of Punch Graphix nv," says Herman Olde Bolhaar,
Chairman of the Supervisory Board of Punch Graphix nv.
#Ends#
For further information, please contact
Ben Van Assche, CEO - Tel.: +32 (0) 3 443 13 11
Peter Tytgadt, CFO - Tel.: +32 (0) 3 443 13 11
About Punch Graphix
Punch Graphix provides innovative, competitive and environmentally friendly
imaging and printing solutions for the global graphics industry. Under the
Xeikon brand name, Punch Graphix designs, develops and delivers high-end digital
colour printing systems, software and consumables for the commercial, document
printing and industrial markets. Under the basysPrint brand and an OEM supplier,
Punch Graphix designs, develops and delivers mid to high-end imaging systems for
offset prepress commercial and newspaper markets. In addition, Punch Graphix
develops equipment and integrated solutions for various suppliers of prepress
and postpress equipment, all of whom are leaders in their field of expertise.
With a clear-minded focus on R&D, Punch Graphix is solely dedicated to customer
satisfaction and aims to deliver cost-effective graphic excellence that goes
beyond all expectations. Punch Graphix is listed on Euronext Amsterdam and the
London AIM (PGX). Website: www.punchgraphix.com
This information is provided by RNS
The company news service from the London Stock Exchange
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