TIDMESNT
RNS Number : 5964P
Essentra plc
30 May 2018
ESSENTRA PLC
APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER
Essentra today announces the appointment of Lily Liu as Chief
Financial Officer, with effect from 15 November 2018.
The Board of Essentra plc ("Essentra" or "the Company") today
announces the appointment of Lily Liu to the Board with effect from
15 November, to succeed Stefan Schellinger as Chief Financial
Officer. Stefan will retire from the Board on 15 November 2018 and
leave Essentra on 30 November 2018.
Lily brings nearly 20 years of experience in the manufacturing
and engineering sectors most recently as Chief Financial Officer,
Xaar Plc Group, a FTSE listed inkjet technology developer and
manufacturer of industrial inkjet printheads, before which she was
Chief Financial Officer, Smiths Detection at Smiths Group Plc. Lily
began her career with a Chinese investment firm before emigrating
to Australia to complete an MBA, and she has worked across three
continents (Asia, Europe and Australia).
Commenting on today's announcement, Paul Forman, Chief
Executive, said:
"Lily will be a huge asset to Essentra's team and I am delighted
she has decided to join us as Chief Financial Officer. She brings a
proven track record of international experience in our sectors
which, together with her strong people focus, are a good match for
us as we continue to restore Essentra to sustainable, profitable
growth. I would also like to take this opportunity to thank Stefan
for his immense contribution and commitment to the Company, and to
wish him every success in the future."
Lily Liu added:
"It is a real privilege to be joining Essentra at an exciting
point in the Company's journey. I am looking forward to working
with Paul Forman and the team to build on the success which
Essentra has achieved to date, with a view to delivering
sustainable long-term shareholder value."
Lily Liu has advised the Company that no other details are
required to be disclosed under Listing Rule 9.6.13.
Enquiries
Essentra plc Ogilvy PR London
Joanna Speed, Investor Relations Sarah Edwards
Director Tel: +44 (0)7506 409668
Lucy Yank, Group Communications E-mail: sarah.edwards@ogilvy.com
Director
Tel: +44 (0)1908 359100
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.
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END
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