Directorate Change

RNS Number : 7740K

Molins PLC

12 July 2017

 

                                                                                                                                                            12^th July 2017

MOLINS PLC

 ("Molins" or the "Company")

Board Changes

The Board of Molins PLC, the global packaging solutions group, announces the appointment to the Board of Jim Haughey, who will succeed David Cowen as Group Finance Director.

Jim, a Chartered Accountant, has spent the last seven years with Bodycote plc as Group Financial Controller, where he played an important role in the management of three significant US acquisitions.  He previously held senior financial positions at FKI PLC, Bridon PLC and Certex Europe. He began his career at Touche Ross in 1988 before joining Bridon as Assistant Group Financial Controller in 1992.

Jim's appointment will take effect on 25 November 2017 and will further strengthen the executive leadership as it focuses on the delivery of the Company's strategic objectives set out earlier this year.

David Cowen will, following completion of the sale of the Instrumentation & Tobacco Machinery division, step down from the Board and leave the Company on 30 September 2017 after serving 18 years to pursue new challenges. He has agreed to remain on hand for approximately three months thereafter to effect an orderly handover of his responsibilities.

Phil Moorhouse, Chairman of Molins PLC, commented:

''It is a great pleasure to welcome Jim to Molins. His extensive financial, M&A and international experience at a senior level will be extremely valuable as Molins looks to execute its long term growth strategy.

''I would also like to thank David Cowen for his valued contribution to Molins over the last 18 years and we wish him all the very best for the future.''

For further information, please contact:

Molins PLC Phil Moorhouse, Chairman Tony Steels, Chief Executive	Tel: [phone]
Panmure Gordon (UK) Limited (NOMAD)  Andrew Potts, Peter Steel - Corporate Finance James Stearns - Corporate Broking	Tel: [phone]
Hudson Sandler Nick Lyon, Jasper Bartlett	Tel: [phone]

Save as set out in this announcement, there are no further matters to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies in respect of James (Jim) Robert Haughey, age 50.

 

END

 

 

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