Zotefoams PLC Board Changes (0421O)
September 29 2023 - 1:00AM
UK Regulatory
TIDMZTF
RNS Number : 0421O
Zotefoams PLC
29 September 2023
Zotefoams plc
('Zotefoams', the 'Company' or 'Group')
Board changes
29 September 2023 - Zotefoams (LSE: ZTF), a world leader in
cellular materials technology, is pleased to announce the
appointment of Malcolm Swift as a Non-Executive Director of the
Company and Chair of the Remuneration Committee with effect from 29
September 2023, following a search process led by the Chair of the
Company and supported by Korn Ferry. Malcolm will also join the
Audit and Nomination Committees.
Malcolm is an Executive Vice President of McCormick & Co, a
company listed on NYSE, from which he will retire at the end of
2023. He joined the company in 2005 and has held a series of
executive positions, including President Global Flavour Solutions
and Chief Administrative Officer. He is President of the European
Brands Association, an organisation representing 2,500 businesses
in Europe, from SMEs to multinationals and has held Non-Executive
directorships with Devro plc and Stolt Sea Farm Holdings plc.
Zotefoams also announces that Dr Alison Fielding has informed
the Board of her intention to step down as Non-Executive Director
and Chair of the Remuneration Committee with effect from 29
September 2023 to devote more time to her other activities.
Commenting on Malcolm's appointment and Alison's departure, Dr
Lynn Drummond, Chair of the Company commented:
"I am delighted to welcome Malcolm to the Zotefoams Board of
Directors. His international experience and extensive B2B skill
sets will support our growth agenda and he will be a valuable
addition to the Board. I am looking forward to working with
him.
"Ali leaves with our sincerest thanks for her insightful
contribution to strategic and commercialisation issues. We also
appreciate her leadership of the Remuneration Committee, including
the recent shareholder consultation for our Remuneration Policy
renewal, which received 97% approval. We wish her well for the
future."
Malcolm Swift said: "Zotefoams' ambitious strategy, unique
environmentally friendly technology and global markets present
significant opportunities for growth. I am delighted to be part of
the next stage of a business focused on delivering long-term,
sustainable returns in the interests of all its stakeholders."
There is no further information which would require disclosure
under LR9.6.13 of the Listing Rules of the Financial Conduct
Authority.
Enquiries:
Zotefoams plc +44 (0) 208 664 1600
David Stirling, Group CEO
Gary McGrath, Group CFO
IFC Advisory +44 (0) 203 934 6630
Graham Herring
Tim Metcalfe
Zach Cohen
About Zotefoams plc
Zotefoams plc (LSE - ZTF) is a world leader in cellular
materials technology delivering optimal material solutions for the
benefit of society. Utilising a variety of unique manufacturing
processes, including environmentally friendly nitrogen expansion
for lightweight AZOTE(R) polyolefin and ZOTEK(R) high-performance
foams, Zotefoams sells to diverse markets worldwide. Zotefoams uses
its own cellular materials to manufacture T-FIT(R) advanced
insulation for demanding industrial markets. Zotefoams also owns
and licenses patented microcellular foam technology to reduce
plastic use in extrusion applications and for ReZorce(R)
mono-material recyclable barrier packaging.
Zotefoams is headquartered in Croydon, UK, with additional
manufacturing sites in Kentucky, USA, Brzeg, Poland (foam
manufacture), Oklahoma, USA (foam products manufacture and
conversion), Massachusetts, USA, Stilling, Denmark (microcellular
foam technology) and Jiangsu Province, China (T-FIT).
www.zotefoams.com
AZOTE(R) , ZOTEK(R) , ReZorce(R) and T-FIT(R) are registered
trademarks of Zotefoams plc.
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