Directorate Change

RNS Number : 5397C

Coral Products PLC

08 March 2011

 



8th March 2011

                                                                                Coral Products PLC

                                                            Appointment of Director and Strategic Review

The Board of   Coral Products PLC ("Coral" or "the company") announces the appointment of Joe Grimmond as non executive director. Joe was previously the Chief Executive of James Dickie PLC and the Chairman of Widney PLC.

Joe will be assisting the company in examining its strategy, with a view to expanding into associated areas of the existing business in order to develop a more broadly based manufacturing group. An important element of this strategy will involve the search for suitable acquisitions as well as organic growth.

Joe Grimmond is a Director of Widney PLC and Theobald Holdings Limited. An Administrator was appointed to Widney PLC in March 2009.

Geoffrey Piper the Coral Chairman commented "The invitation to Joe Grimmond to join the Coral Board reflects our determination to broaden the company's base and accelerate our diversification into new product areas"

Enquiries

Coral Products PLC                          Tel [phone]

Warren Ferster, Chief Executive

(Joe Grimmond, Non Executive Director Tel [phone] )

Note to Editor

Coral Products PLC is a manufacturer of strong, light injection moulded plastic products. It floated on the London Stock Exchange in 1995.

 

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