Zotefoams PLC Appointment of Finance Director Designate (6344G)
November 24 2015 - 2:00AM
UK Regulatory
TIDMZTF
RNS Number : 6344G
Zotefoams PLC
24 November 2015
24 November 2015
Zotefoams plc
("Zotefoams" or "the Company")
Appointment of Finance Director Designate
Zotefoams plc, a world leader in cellular material technology,
is pleased to announce the appointment of Gary McGrath to its Board
as Finance Director Designate, effective 1 December 2015. As
announced in May 2015, Clifford Hurst, our Finance Director for the
last 15 years, indicated his intention to retire during 2016 and
this appointment will allow a well-managed transition of
responsibilities through our budgeting process and financial
year-end.
Initially, Gary will be appointed to the Board and will work
closely with Clifford to achieve a formal handover of the role of
Finance Director during the first quarter of 2016. Clifford will
retire from the Board and the Company in advance of the AGM in May
2016.
Gary qualified as a Chartered Accountant with Arthur Andersen
and spent 11 years at RMC Group plc before joining Koch Industries
Inc., where he spent seven years in various positions, including
Global Finance Director of INVISTA Apparel and EMEA Vice President
Finance, Planning & Analysis at Georgia Pacific, both Koch
subsidiary companies. Most recently, Gary was Chief Financial
Officer of G C Aesthetics Limited. Gary has worked across public,
private and private equity environments in the UK, Belgium,
Germany, the USA and the Republic of Ireland.
David Stirling, Group CEO of Zotefoams, comments: "On behalf of
the Board, we are delighted that Gary will be joining the Company.
His considerable financial and international experience will be of
great benefit to Zotefoams as we continue to develop our global
presence and we look forward to working with him.
"We would also like to thank Clifford for his invaluable
contribution to the Company during his tenure. Clifford has
supported Zotefoams through a period of significant growth,
development and investment and we wish him well in his
retirement."
Neither Gary McGrath nor his connected persons currently hold
any shares in Zotefoams plc.
The Company confirms that there are no further details required
to be disclosed under paragraph LR 9.6.13 R of the UK Listing Rules
in respect of Mr McGrath.
Enquiries:
Zotefoams plc Tel: 0208-664-1600
David Stirling, Group CEO
Clifford Hurst, Finance Director
FTI Consulting Tel: 0203-727-1000
Victoria Foster Mitchell / Simon
Conway
About Zotefoams plc
Zotefoams plc (LSE - ZTF) is a world leader in cellular material
technology. Using a unique manufacturing process with
environmentally friendly nitrogen expansion, Zotefoams produces
lightweight foams in Croydon, UK and Kentucky, USA for diverse
markets worldwide through its global sales force. Zotefoams also
owns and licenses patented MuCell(R) microcellular foam technology
from a base in Massachusetts, USA to customers worldwide and sells
T-Tubes(R) advanced insulation systems made from its patented
ZOTEK(R) fluoropolymer foams.
www.zotefoams.com
ZOTEK(R) is a registered trademark of Zotefoams plc. MuCell(R)
is a registered trademark of Trexel Inc. T-Tubes(R) is a registered
trademark of UFP Technologies Inc.
This information is provided by RNS
The company news service from the London Stock Exchange
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