Alumasc Group PLC
1 February 2001
ALUMASC BOARD APPOINTMENTS
Alumasc, the specialist engineering and building products group, announces the
appointment to the Group Board of Paul Hooper and Martin Rhodes as executive
directors.
Paul Hooper BSc, MBA joins Alumasc from Rexam plc as Group Managing Director
- a new position - whilst Martin Rhodes is already Managing Director of
Alumasc Precision Limited, the Group's precision components business.
Paul Hooper (aged 44) graduated from Bradford University with a BSc in
Business Studies in 1978. His early career provided commercial and
operational experience with major international companies prior to his first
Managing Director role within BTR plc in 1992. Paul worked subsequently in
Special Operations, implementing acquisitions, within Williams Holdings plc,
prior to his present appointment as a Divisional Managing Director at Rexam
plc. In 1987, Paul obtained an MBA at Cranfield University. Paul will join
Alumasc in April 2001, with specific responsibility for the Group's
operations.
Following his qualification as a Chartered Accountant in 1977, Martin Rhodes
(aged 47) joined Smith Industries and rose to become Divisional Financial
Director prior to joining Alumasc as Financial Controller in 1989. He was
appointed Managing Director of Alumasc Precision Components in 1995 and is
responsible for having successfully amalgamated this business with Copal
Castings and Dyson Diecasting to form Alumasc Precision Limited, the leading
supplier of foundry-based aluminium components. Martin's presence on the
Board (effective 1 February 2001) will enable him to drive the continuing
expansion of this activity in line with its exciting prospects.
John McCall, Chairman, stated 'In our preliminary announcement in September
2000, we said that we were looking for a Group Managing Director and we are
delighted now to have found Paul Hooper, who has a broad experience in terms
of both operations and geographical area. His appointment, combined with the
elevation to the Board of Martin Rhodes, who has done so well with Alumasc
Precision, is fundamental to the future development of Alumasc and its core
businesses.'
Alumasc's interim results for the half year to December 2000 are expected to
be announced on 20 February 2001.
John McCall advised shareholders at Alumasc's AGM in October 2000 that the
Board anticipated significantly lower pre-tax profits in the first half of the
current year compared with the interim £5.1 million the previous year, but
with prospects for a stronger performance in the second half as the Group
builds on the new business initiatives and the benefits of previous
rationalisation.
- ENDS -
Enquiries:
The Alumasc Group plc
John McCall (Chairman) 01536-383844
Bankside Consultants Limited
Charles Ponsonby 020-72 20 74 77
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