29 April 2002
FOR IMMEDIATE RELEASE 29 April 2002
APPOINTMENT OF FINANCE DIRECTOR
Xaar plc ('Xaar'), the ink jet printing technology group headquartered in
Cambridge, announces the appointment of Nigel Berry as Finance Director and
Company Secretary with effect from 20 May 2002, following the recent decision by
Gordon MacLeod to return to his native New Zealand with his family.
Mr. Berry, ACA, aged 42, was previously Chief Financial Officer of Cambridge
Display Technology Ltd., a Cambridge-based business which owns and exploits
global patents on light emitting polymer technology, utilising ink jet printing
as an enabler.
Prior to joining Cambridge Display Technology, he was Finance Director of Rexam
Printing Ltd. (the printing division of Rexam plc), Chief Operating Officer and
Finance Director of Wassall Asia Pacific Ltd. (a Singapore listed subsidiary of
Wassall plc) and Financial Controller of Wassall plc. A graduate of Sheffield
University, he trained with Coopers & Lybrand.
Mr. MacLeod will step down from the Board on Mr. Berry taking up his appointment
as an executive director, but will continue to offer his services to Xaar for a
Chairman, Arie Rosenfeld, commented :
'We are pleased to welcome Nigel Berry as Xaar's new Finance Director. His
experience and background are an excellent match with our business, which
embraces the sale of both high technology manufactured products and intellectual
property on a global basis.
'The Board would like to thank Gordon MacLeod for his excellent contribution to
Xaar's development during the four years he has been with the company and wish
him well for his return to New Zealand.'
Other than set out above, Mr. Berry held no directorships in public companies
within the past five years.
Xaar confirms that there are no items requiring disclosure under paragraphs (b)
to (g) of Rule 6 F 2 of The Listing Rules.
Jan Fineman, Chief Executive or
Gordon MacLeod, Finance Director at Xaar on : 01223-423663
Steve Liebmann or Lisa Baderoon at Buchanan
Communications on : 020-7466-5000
This information is provided by RNS
The company news service from the London Stock Exchange