New Chief Executive
December 09 2003 - 9:00AM
UK Regulatory
RNS Number:0370T
Rexam PLC
09 December 2003
Rexam names new Chief Executive
Rexam PLC, the global consumer packaging company, is pleased to announce that
the Board has decided to appoint Stefan Angwald to succeed Rolf Borjesson as
Chief Executive. Stefan will join the company on 5 January 2004 as a Director
and Chief Executive designate and will assume the role of Chief Executive after
the Annual General meeting on 25 May 2004. At this time Rolf Borjesson will
become non executive Chairman of Rexam and Jeremy Lancaster, the current
Chairman, will retire.
Stefan, who is 54, was until recently the Chief Executive Officer of SCA
Hygiene, a global consumer goods business with a #3.5 billion turnover and the
largest division of SCA AB, the international paper, packaging and hygiene
products group. He has spent the majority of his career in SCA's hygiene
business.
Stefan held various senior positions within the SCA group, most of them on
international assignment. He has a strong history of strategic insight in
manufacturing and marketing as well as broad experience of managing diverse
international teams. He successfully pioneered SCA's hygiene products in a
number of markets before setting up operations in the North American market in
the early eighties. Posted to Europe in the mid eighties to coordinate and
improve the hygiene products business, he was a key player in building it from a
relatively modest European operation to a leading international #3.5 billion
business with manufacturing and distribution in more than 40 countries and
employing approximately 18,000 people. He became CEO of SCA Hygiene in 2000.
Stefan, a Swedish national, is married and has two children. He is currently
living in Munich and will be moving to London in the new year.
Commenting on the appointment, Jeremy Lancaster, said: "The Board is delighted
with the appointment of Stefan as Rexam's next Chief Executive. He clearly
understands the dynamics of a manufacturing industry with strong customers and
suppliers, and brings years of experience in managing multinational businesses.
Rexam has come a long way in a short time. Stefan's industrial background, his
proven leadership qualities as well as his intimate knowledge of consumer
products give him the right qualities to drive our company forward into the next
stages of its development."
9 December 2003
Enquiries
Rexam
Rolf Borjesson, Chief Executive +44 20 7227 4100
Graham Chipchase, Finance Director
Per Erlandsson, Director Corporate Communications
Financial Dynamics
Richard Mountain +44 20 7269 7291
Editor's notes:
A photo of Stefan Angwald is available on http://rexam.press.xture.com
Rexam is one of the world's top five consumer packaging groups and the world's
leading beverage can maker. Its global operations focus on beverage packaging in
metal, glass and plastic, as well as plastic packaging solutions for the beauty,
pharmaceutical, and food industries around the world. The Rexam Group employs
more than 22,000 people in 24 countries worldwide and has an ongoing turnover of
approximately #3.4 billion. Rexam is a member of the FTSE 100. Its ordinary
shares are listed with the UK Listing Authority and trade on the market for
listed securities on the London Stock Exchange under the symbol REX. For further
information, visit Rexam's website at www.rexam.com
This information is provided by RNS
The company news service from the London Stock Exchange
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