ESSENTRA
PLC
(The "Company" or "Essentra")
BOARD APPOINTMENT: CHAIR
DESIGNATE
Essentra plc, a leading global
provider of essential components and solutions, announces the
appointment of Steve Good to the Board as independent non-executive
chair designate with effect from 1 July 2024.
There will be a four-month induction
and handover period during which Paul Lester will remain as chair.
After nine years on the Board and in
accordance with Provision 19 of the 2018 UK Corporate Governance
Code, Paul will stand down as chair and
from the Board on 1 November with Steve becoming chair.
Steve has strong and relevant
international experience in industrial businesses, manufacturing
and B2B markets. He is currently non-executive
board chair of Norcros plc and was until 2023 non-executive board
chair of Devro plc and Zotefoams plc. He previously served as a
non-executive director and remuneration committee chair of
Elementis plc and Cape plc and as a non-executive director of
Dialight plc.
In his executive career Steve was
chief executive of Low & Bonar plc from 2009 to 2014. Prior to
joining Low & Bonar, he spent ten years with BTP plc (now part
of Clariant) in a variety of leadership positions managing
international specialty chemicals businesses.
Steve will serve on the Essentra
nomination committee which he will chair when Paul steps
down.
Scott Fawcett, Essentra CEO,
commented:
"I am very pleased that Steve
has joined the Board of Essentra plc. His significant commercial
experience gained in both executive and non-executive roles will be
invaluable as the Company's independent non-executive chair. I very
much look forward to working with him to continue the success of
the business.
My Board colleagues and I would
like to express our gratitude to
Paul Lester for his outstanding leadership and wise counsel over
many years. He leaves with our very best wishes."
Steve Good commented:
"It is a great pleasure to join Essentra as it continues to
make good progress against its strategic priorities. I look forward
to working with the Board as we drive organic and inorganic growth,
continue to increase operating efficiencies, margins and returns
for stakeholders."
At the date of this announcement, Mr. Good has no interest in the
ordinary shares in Essentra plc.
This announcement is made pursuant
to Listing Rule 9.6.11R. There are no other details required to be
disclosed under Listing Rule 9.6.13R.
For
further information please contact:
|
Essentra plc
Scott Fawcett, Chief
Executive
Emma Reid, Company
Secretary
Tel: +44 (0)1908 359100
|
|
|
|
LEI: 5493007MOZNA03BVNE96
|
|
|
23 May 2024
|
|
|
|
|
| |
Notes to Editors
About Essentra plc
Essentra plc is a FTSE 250 company
and a leading global provider of essential components and
solutions, focusing on the manufacture and distribution of plastic
injection moulded, vinyl dip moulded and metal items.
Headquartered in the United Kingdom,
Essentra's global network extends to 28 countries worldwide and
includes c.3,000 employees, 14 manufacturing facilities, 24
distribution centres and 33 sales & service centres serving
c.69,000 customers with a rapid supply of low cost but essential
products for a variety of applications in industries such as
equipment manufacturing, automotive, fabrication, electronics,
medical and renewable energy.
For further information, please
visit www.essentraplc.com