Low & Bonar PLC Directorate Change (4069D)
January 31 2018 - 2:00AM
UK Regulatory
TIDMLWB
RNS Number : 4069D
Low & Bonar PLC
31 January 2018
LEI213800CALFKOEL7N7P10
Low & Bonar PLC
Appointment of Group Chief Executive Officer
Low & Bonar PLC ("Low & Bonar" or the "Group"), the
international performance materials group, is pleased to announce
the appointment of Philip de Klerk as Group Chief Executive Officer
with effect from 1 March 2018.
Philip will succeed Trudy Schoolenberg who was appointed Interim
Group Chief Executive Officer on 20 December 2017. After handing
over to Philip, Trudy has agreed to lead the restructuring of the
global supply chain to ensure it meets the needs of the future
organisational structure. She will revert to being a Non-Executive
Director at the end of April 2018.
Philip joined Low & Bonar as Group Chief Financial Officer
in October 2017 and he brings to his new role a depth and breadth
of senior executive experience with international companies
including Unilever, SAB Miller, Ineos and Flybe.
The Board has set out very clear areas of immediate focus for
the Group and is confident that Philip is ideally qualified to
execute this agenda effectively and also to lead Low & Bonar on
its next stage of profitable growth.
A search for a successor to Philip de Klerk as Group Chief
Financial Officer is underway and further announcements will be
made in due course.
Martin Flower, Chairman of Low & Bonar, said:
"We are greatly indebted to Trudy for stepping into the breach
last month as Interim Group Chief Executive Officer. She has had a
very positive impact in a short space of time.
Since joining us last October, Philip has demonstrated very
clearly his leadership quality. We are confident that he will
execute the Group strategy very effectively and that Low &
Bonar will achieve sustained progress under his leadership".
For further information, please contact:
Low & Bonar PLC 020 7535 3180
Trudy Schoolenberg, Interim Group Chief
Executive
Instinctif Partners 020 7457 2020
Matthew Smallwood
Helen Tarbet
Rosie Driscoll
Notes
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation ("MAR") EU no.596/2014. Upon the
publication of this announcement via Regulatory Information Service
("RIS"), this inside information is now considered to be in the
public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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