Low & Bonar PLC Appointment of Chief Financial Officer (5047C)
18 April 2017 - 4:05PM
UK Regulatory
TIDMLWB TIDMFLYB
RNS Number : 5047C
Low & Bonar PLC
18 April 2017
Low & Bonar PLC
("Low & Bonar" or the "Company")
Appointment of Chief Financial Officer
Low & Bonar is pleased to announce the appointment of Philip
de Klerk as Chief Financial Officer ('CFO'). He is currently the
Chief Financial Officer of Flybe Group PLC and will join the Board
of Low & Bonar on 2 October 2017.
Philip de Klerk joins Low & Bonar from Flybe, Europe's
largest regional airline, where he helped lead the airline's change
and transformation programme. Prior to this he was at SABMiller,
where he played a key leadership role as Finance Director for
Business Capabilities amongst other positions. Previously, Philip
had been at Ineos, where he was Finance Director of the Polymers
& Olefins business in Europe.
Philip is a CIMA qualified accountant who spent the first
sixteen years of his career at Unilever, rising to CFO for its
Swiss and then Benelux operations.
As announced on 1 March 2017, Mike Holt, currently CFO, is
stepping down from the role by mutual and amicable agreement. He
will remain with the Company for an agreed period of time to assist
with an orderly handover. To support the handover process, Simon
Dray, the current Deputy CFO has been appointed as Interim CFO.
Martin Flower, Chairman, commented:
"Philip brings with him commercial as well as financial
expertise and substantial experience of international manufacturing
businesses. We are confident that he will bring these capabilities
to benefit Low & Bonar as we continue to drive our strategy of
growth and stringent portfolio management across our global end
markets. We look forward to working with him."
There are no further disclosures required pursuant to paragraphs
9.6.11 to 9.6.13 of the Listing Rules.
This announcement contains Inside Information.
For further information, please contact:
Low & Bonar PLC
Martin Flower, Chairman 020 7535 3180
Brett Simpson, Group
Chief Executive
Instinctif Partners 020 7457 2020
Matthew Smallwood
Helen Tarbet
Rosie Driscoll
This information is provided by RNS
The company news service from the London Stock Exchange
END
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