Essentra plc Change in Board Director (3899L)
April 19 2018 - 2:02AM
UK Regulatory
TIDMESNT
RNS Number : 3899L
Essentra plc
19 April 2018
ESSENTRA PLC
BOARD DIRECTOR CHANGE
The Company today announces that the Board and Stefan
Schellinger, who has served as Group Finance Director since October
2015, have mutually agreed that Stefan will leave the business
later this year to pursue his career outside Essentra.
Paul Lester, Chairman, said: "Stefan has been a member of the
Board since 2015, and his knowledge and commitment have proved very
valuable through what was a period of challenge in 2016. He has
played an important role in stabilising the Company in 2017, and in
developing the clear strategy we now have. As he looks to further
develop his career, we wish him well in the future."
Paul Forman, Chief Executive, added: "I have worked closely with
Stefan since January 2017. During that time, he has made an immense
contribution to stabilising the Company by overseeing the disposal
of our Porous Technologies business and leading the re-financing of
the Group, as well as supporting me with the Strategic Review and
re-organisation of the Company. I want personally to thank him for
that contribution and commitment, and to wish him every success in
the future."
Stefan Schellinger will continue as a Director of the Company
and has agreed to remain with the business to oversee the handover
of his role. A search for his successor has commenced and an
appointment will be announced in due course.
Enquiries
Essentra plc Ogilvy PR London
Joanna Speed, Investor Sarah Edwards
Relations Director Tel: +44 (0)7506 409668
Tel: +44 (0)1908 359100 E-mail: sarah.edwards@ogilvy.com
Notes to Editors
About Essentra plc
Essentra plc is a FTSE 250 company and a leading global provider
of essential components and solutions. Organised into four
divisions from the start of 2018 - reflecting the Company's
strategic review - Essentra focuses on the light manufacture and
distribution of high volume, enabling components which serve
customers in a wide variety of end-markets and geographies.
Essentra Components
Essentra Components is a global market leading manufacturer and
distributor of plastic injection moulded, vinyl dip moulded and
metal items. Operating in 27 countries worldwide, nine
manufacturing facilities and 24 logistics centres serve more than
90,000 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 and
construction.
Essentra Packaging
Essentra Packaging is one of only two multi-continental
suppliers of a full secondary packaging range to the health and
personal care sectors, with 25 facilities across four geographic
regions. The division's innovative products include cartons,
leaflets, self-adhesive labels and printed foils used in blister
packs, which help customers to meet the rapidly-changing
requirements of these end-markets and can also be combined with
Essentra's authentication solutions to help the fight against
counterfeiting.
Essentra Filters
Essentra Filters is the only global independent cigarette filter
supplier. The nine worldwide locations, including a dedicated
Technology Centre supported by three regional development
facilities, provide a flexible infrastructure strategically
positioned to serve the tobacco sector. The business supplies a
wide range of value-adding high quality innovative filters,
packaging solutions to the roll your own segment and analytical
laboratory services for ingredient measurement to the industry:
Essentra's offering also includes e-cigarette and Heat Not Burn
solutions to the rapidly evolving market for Next Generation
Products.
Essentra Specialist Components
Essentra Specialist Components comprises the Company's six
smaller businesses. These activities largely have strong positions
in the markets in which they operate, although they have little
overlap with each other or with Essentra's larger three global
divisions.
The Extrusion business is a leading custom profile extruder
located in The Netherlands which offers a complete design and
production service. One of the first companies to extrude plastics,
Essentra is now one of Europe's most advanced suppliers of
co-extrusion and tri-extrusion to all branches of industry.
The Pipe Protection Technologies business specialises in the
manufacture of high performance innovative products from commodity
resins to engineering-grade thermoplastics and polymer alloys,
largely for use in the oil and gas industry. Locations in four
countries, combined with a wide distributor network, serve
customers around the world.
The Speciality Tapes business has expertise in coating multiple
adhesive systems in numerous technologies, with close to 3,000 tape
products available for same-day shipping and predominantly for
point of purchase and white goods applications.
The Tear Tapes business is globally recognised as the leading
manufacturer and supplier of pressure-sensitive tear tapes, which
are largely used in the tobacco, food and drink and specialist
packaging sectors.
The Industrial Supply business provides a wide range of branded
hardware supplies to a broad base of industrial customers, largely
located in the US Mid-West.
The Security business is a leading European provider of ID card
printers, systems and accessories to direct and trade
customers.
Headquartered in the United Kingdom, Essentra's global network
extends to 33 countries and includes c. 8,000 employees, 49
principal manufacturing facilities, 66 sales & distribution
operations and 4 research & development centres. For further
information, please visit www.essentraplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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