TIDMRM2

RNS Number : 7096J

RM2 International SA

30 June 2017

30 June 2017

RM2 International S.A.

Appointment of Pallet Industry Veteran, Jasper Judd, as CEO and Director

RM2 (LSE-AIM: RM2), the sustainable composite pallet innovator, is pleased to announce that the directors of RM2 have appointed Jasper Judd as Group Chief Executive Officer and a member of the board effective immediately.

Following the ongoing acceleration of pallet manufacturing and the smart pallet collaboration with AT&T, Jasper's proposed appointment reflects the Company's renewed focus on rollout.

Jasper worked for ten years at Brambles Limited, the Australian-listed multinational, whose biggest business, CHEP, is the world's leading pallet pooler. At Brambles, Jasper held a number of senior executive roles including five years as a member of the Group Executive Committee in the roles of global head of strategy, Head of Innovation and Acting Group Financial Officer. Prior to Brambles, roles included Group Financial Controller and Chief Financial Officer of CHEP Europe.

Most recently, Jasper has been a Non-Executive Director and Audit Committee Chairman at JP Morgan Indian Investment Trust PLC and Dunedin Income Growth Investment Trust PLC. Jasper is a Chartered Accountant and a graduate of the University of Cambridge.

Ian Molson, RM2's Chairman, commented: "Jasper Judd is an industry heavyweight who has the experience, leadership credentials and deep sector knowledge to take RM2 forward. He is highly respected in the industry and I am delighted that we have been able to attract someone of his calibre to take over as CEO as we prepare for the renewed commercial rollout of our disruptive platform. Jasper's deep industry experience will be invaluable in helping the Company meet its potential.

"The board would like to thank John Walsh and we are pleased that he will remain with RM2 as a member of the board of directors. John leaves the CEO role with the Company having a scalable and cost-effective outsourced manufacturing base, a talented senior team and a clear strategy. This is a sound base on which to build."

Jasper Judd, RM2's incoming CEO said: "I am delighted to be joining RM2. Now that the Company has overcome significant manufacturing issues, it can focus on fulfilling the potential of its unique pallet. The combination of an innovative, sustainable, safe and durable pallet with state-of-the-art tracking technology presents a revolutionary opportunity and I am confident that we can make good progress in a market that is ready for significant technological-led improvement."

Additional information on Mr Judd

The following additional information is provided in accordance with paragraph (g) of Schedule Two to the AIM Rules for Companies:

Current and past Directorships and Partnerships for Jasper Rayner Augusto Judd, aged 56:

 
 Current                                      Previous (last five years) 
 JPMorgan Indian Investment Trust PLC         Easyart Holdings 
 Dunedin Income Growth Investment Trust PLC 
 Merlin Athene Ltd 
 Lawrence Mansions Limited

In 1992, Mr Judd was appointed as a director of a group of associated companies, including Mora Street Limited, Mora Product Aid International Limited, Judd Studios Limited, Mora Product Aid International (Holdings) Limited and Mora Product Aid International (Creative) Limited (the "Mora Product Aid Group"). The Mora Product Aid Group, renamed DJPA International (Holdings) Ltd Group, entered into administration in April 1995, leaving an aggregate shortfall to creditors of approximately GBP5.6 million.

There is no further information required to be disclosed pursuant to Schedule 2(g) of the AIM Rules.

For further information, please contact:

 
                                        +44 (0)20 7638 
 RM2 International S.A.                  9571 
 John Walsh, current Chief Executive 
  Officer 
  Jasper Judd, incoming Chief 
  Executive Officer 
  Jean-Francois Blouvac, Chief 
  Financial Officer 
 
 Strand Hanson Limited (Nominated       +44 (0) 20 7409 
  & Financial Adviser)                   3494 
 James Spinney 
  Ritchie Balmer 
 James Bellman 
 
                                        +44 (0)20 7614 
 Arden Partners                          5928 
 Ruari McGirr 
  Chris Hardie 
 
                                        +44 (0)20 3829 
 Zeus                                    5000 
 John Goold 
 
                                        +44 (0)20 7638 
 Citigate Dewe Rogerson                  9571 
 Simon Rigby 
  Ellen Wilton 
  Elizabeth Kittle

Notes to Editors

RM2 International S.A. specialises in pallet development, manufacture, supply and management to establish a leading presence in global pallet supply and improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets. It is quoted on the AIM market of the London Stock Exchange under the symbol RM2.L.

For further information, please visit www.rm2.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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