Devro PLC Directorate Changes (1150Y)
May 07 2019 - 2:01AM
UK Regulatory
TIDMDVO
RNS Number : 1150Y
Devro PLC
07 May 2019
7 May 2019
DEVRO PLC ("DEVRO" OR THE "COMPANY")
Directorate Changes
Appointment of Chairman
Devro, one of the world's leading manufacturers of collagen
products for the food industry, announces the appointment of Steve
Good as Non-Executive Chairman with effect from 1 June 2019. Steve
will also chair the Nomination Committee, and become a member of
the Executive Directors' Remuneration Committee from that date.
Steve has been Chairman of Zotefoams plc since 2016, having been
first appointed as a Non-Executive Director in 2014. He is also a
Non-Executive Director of Dialight plc, and Elementis plc, where he
also chairs the Remuneration Committee. Until 2017 Steve was a
Non-Executive director of Cape plc and Chairman of its Remuneration
Committee. He plans to take steps to reduce his Board commitments
in the course of the next twelve months.
During his earlier executive career, Steve held various
leadership positions in international industrial businesses. These
included Group Chief Executive at Low & Bonar plc, a polymer
engineering group, between 2009 and 2014, and various positions
over a ten year timespan managing international speciality
chemicals businesses at BTP plc (now part of Clariant). Steve is a
chartered accountant.
There are no further matters to be disclosed pursuant to Rule
9.6.13 of the Listing Rules in respect of Steve's appointment.
Other Consequent Board Change
On Steve's appointment as Non-Executive Chairman taking effect
on 1 June 2019, Non-Executive Director, Paul Withers will cease to
be interim Chairman of the Company, a position he has fulfilled
since the conclusion of our AGM on 25 April 2019. Paul will
continue to be our Senior Independent Director and Chair of our
Executive Directors' Remuneration Committee after 1 June.
Commenting on his appointment, Steve Good, said: "With my new
Board colleagues and the executive team, I am looking forward to
embarking on the next phase of Devro's development, building on the
organisational transformation that the business has undergone in
recent years."
Commenting on Steve Good's appointment, Rutger Helbing, CEO,
said: "I am delighted that Steve is joining the Board and I welcome
the considerable experience of international and industrial
businesses that he will bring with him from both his executive and
non-executive career. I remain grateful to Paul Withers for
continuing to act as interim Chairman until Steve takes up his
appointment."
ENDS
Contacts:
Devro plc
Rutger Helbing Chief Executive Officer Tel: 020 3865 7637
FTI Consulting
Richard Mountain / Nick Tel: 020 3727 1340
Hasell
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END
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