RM2 International SA Board and Management Changes (9657M)
August 03 2017 - 1:02AM
UK Regulatory
TIDMRM2
RNS Number : 9657M
RM2 International SA
03 August 2017
03 August 2017
RM2 International S.A.
("RM2" or the "Company")
Board and Management Changes
RM2 International S.A., the sustainable composite pallet
innovator, announces the appointment - effective immediately - of
Kevin Mazula as Chief Executive Officer. He replaces Jasper Judd
who has decided to step down as Chief Executive Officer and from
the board of directors of the Company ("the Board"). Mr Judd will
not be required to continue his employment during his notice period
and accordingly will be leaving the Company with immediate effect.
Mr Judd's resignation follows the Board's decision not to proceed
with a proposed equity offering, as announced on 24 July 2017.
Kevin has been RM2's Chief Operating Officer since April 2016
and has over 20 years of managerial experience, having successfully
run and grown businesses in a range of industries and geographies.
Most recently, he was Chief Commercial Officer at PRIMUS
Technologies Corp, having previously served as a Senior Vice
President of Xerox Corporation, where he led global productivity
and cost competitiveness initiatives for the firm. Prior to that,
he was Vice President of Global Business Units at Jabil Inc, a
global manufacturing services company. Kevin started his career at
General Electric with leadership roles in engineering, operations,
and programme management. Kevin graduated with honors from the
Wharton School where he earned his MBA in International Finance. As
a Lauder Fellow, he was also awarded a MA in International Studies
from the University of Pennsylvania. Kevin earned his BSc degree in
Mechanical Engineering from the Massachusetts Institute of
Technology.
Kevin will be appointed to the Board following the satisfactory
completion of customary due diligence undertaken at the time a
director is appointed to the board of a company admitted to trading
on AIM. A further announcement on this, which will include the
necessary Schedule 2(g) disclosures as contained in the AIM Rules
for Companies, will be made shortly.
RM2's Chairman, Ian Molson, commented:
"I am pleased to appoint Kevin as RM2's CEO. In his time as COO,
he has been instrumental in cementing the outsourcing agreements
with Jabil and Zhenshi, which have transformed our manufacturing
operations. I'm confident he will make an excellent CEO."
For further information, please contact:
+44 (0)20 7638
RM2 International S.A. 9571
Kevin Mazula, Chief Executive
Officer
Jean-Francois Blouvac, Chief
Financial Officer
Strand Hanson Limited (Nominated +44 (0) 20 7409
& Financial Adviser) 3494
James Spinney
Ritchie Balmer
James Bellman
+44 (0)20 3829
Zeus 5000
John Goold
+44 (0)20 7638
Citigate Dewe Rogerson 9571
Simon Rigby
Ellen Wilton
Notes to Editors
RM2 International S.A. specialises in pallet development,
manufacture, supply and management to establish a leading presence
in global pallet supply and improve the supply chain of
manufacturing and distribution businesses through the effective and
efficient use and management of composite pallets. It is quoted on
the AIM market of the London Stock Exchange under the symbol
RM2.L.
For further information, please visit www.rm2.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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