Appointment of Group Finance

RNS Number : 4022C

API Group PLC

01 September 2008

 



1 September 2008

API GROUP PLC

APPOINTMENT OF GROUP FINANCE DIRECTOR

API Group plc, the specialist packaging materials company, announced today the appointment of Christopher Ian Charles Smith (age 44) as Group Finance Director. 

Mr Smith, who will formally join the Board at its next meeting on 23 September 2008, is a Charted Accountant with 17 years industrial experience with Courtaulds plc and latterly with Scapa plc, a manufacturer of adhesive tapes and films. At Scapa, he was Finance and IT Director for Europe and Asia. 

Commenting on the appointment, Richard Wright, Non-executive Chairman of API, said:

'The Board is delighted to welcome Chris as a director and member of the executive management team. He brings considerable experience relevant to API’s manufacturing operations and geographical spread and is well qualified to support the Board with its key objective of improving the Group’s financial performance.

At this time, the Board would also like to thank Richard Scully who has served as Interim Chief Financial Officer since Andrew Robertson stepped down in March of this year.' 

Other than as set out below, there are no other matters which are required to be announced pursuant to paragraph (g) of Schedule 2 of the AIM Rules. 

Ends

Enquiries

Andrew Turner, Chief Executive, API Group plc	01625 650 334
Nicola Biles, Financial Dynamics	020 7831 3113
Numis Securities Limited Nick Westlake, Nominated Advisor James Serjeant, Corporate Broking	020 7260 1000

Schedule

Details of the names of companies and partnerships of which Christopher Smith has been a director or partner at any time in the previous five years are set out below.

(i) Current directorships and partnerships

None

(ii) Previous directorships and partnerships

Scapa UK Ltd

Medifix Adhesive Products Ltd

Boldscope Ltd

Scapa Italia SpA

Scapa Schweiz AG

Scapa Deutschland GmbH

Scapa Benelux BV

Scapa Belgium SA

Scapa Iberica SA

APACS Ltd (formerly Scapa Tapes (Ireland) Ltd)

Scapa Teoranta, (Eire). Christopher was a director of Scapa Teoranta when it entered a members voluntary liquidation and completed it's dissolution in October 2006.

 

END

 

 

BOALBMATMMAMMAP