Stanelco PLC
28 November 2005
28th November 2005
Stanelco plc ('Stanelco')
Appointment of new Chief Executive and Executive Vice-Chairman
Stanelco plc, the RF applications group, is pleased to announce the appointment
of Martin Wagner as Chief Executive Officer. Ian Balchin, who has served the
Company as Chief Executive over the past five years becomes Executive Vice-
Chairman.
Martin Wagner, 49, joined Stanelco in August 2005 as Commercial Director of
Stanelco RF Technologies Limited. Previously Martin was Head of Packaging
Development at ASDA Stores Limited where he spent five years heading up a number
of different commercial teams delivering both significant savings to the
business and leading ground breaking strategic initiatives. Martin was directly
involved in ASDA's adoption of the GREENSEAL technology project. Martin brings
to Stanelco his experience of working directly in the food and beverage supply
industry as well as the healthcare and pharmaceutical industries at director
level. Whilst formerly part of the Executive Management Group at ASDA, Martin
has not held any directorships in the last five years.
Martin Wagner, Chief Executive, Stanelco plc commented: 'I am delighted that Ian
and the Board have given me this opportunity. I am looking forward in particular
to making a major contribution to the adoption of Stanelco's GREENSEAL
Technology and Starpol 2000 packaging materials within the food and retailing
industries.'
Ian Balchin, Executive Vice-Chairman Stanelco plc commented: 'I am delighted
that Martin has accepted this role to lead Stanelco through the
commercialisation phase of the Company's development. Martin is particularly
well placed to accelerate delivery of our GREENSEAL and Starpol technologies to
retailers and their supply chains. I will now be able to focus on projects that
will take the business forward at a strategic level and look forward to
continuing to make a significant contribution in this new role.'
Philip Lovegrove, Chairman Stanelco plc commented: 'Over the last few years
Stanelco has undergone a period of dynamic change in direction and recently has
been almost exclusively a research and development company. We have now reached
the point where the projects that we have been working on are being
commercialised. This part of the Company's development requires a different
skill set from the Chief Executive and we are delighted to have attained those
requirements by appointing Martin Wagner to take the Company into this exciting
phase and to fulfill its considerable potential. With Martin and Ian working
together in their new roles we are well positioned to fully exploit our chosen
markets.'
Ends
For further information please contact:
Ian Balchin, Executive Vice Chairman
Stanelco PLC
Tel: +44 (0)2380 867 100
Jonathon Brill/Billy Clegg
Financial Dynamics
Tel: +44 (0)20 7831 3113
About Stanelco plc
The Stanelco Group of companies (the Group) has brought together expertise in
radio frequency (RF) technology, RF applications and biodegradable material
sciences to create a revolutionary range of packaging technologies.
Stanelco's philosophy is that new products and processes must offer solutions
and applications which:
• give higher added value,
• are greener, more environmentally sustainable than those they replace and
• have protectable intellectual property rights.
Stanelco will develop the products and processes to a demonstration stage and
then work with partners in order to reach the markets; and under these
circumstances Stanelco will usually seek to license its technology. Stanelco
invests considerable time and resources in ensuring its technologies are
protected via layers of patents wherever possible.
In this way Stanelco believes it can minimise commercial risk and preserve the
highest value for shareholders.
The products offering the prospect of near term revenue generation are being
given priority over the Group's resources.
Stanelco was founded in 1953 and is a world leader in the development of radio
frequency technologies for processing polymers for edible and packaging
applications and the design and manufacture of optical fibre technology,
induction heating and dielectric welding equipment. Stanelco's current
developments include GREENSEAL Food tray lidding technology, STARPOL (starch /
pva blended material), STARPOL 2000 (highly functional, low cost biodegradable
packaging material with food contact approvals) FrogPack high impact low cost
packaging format, CradleWrap range of biodegradable air cushion packaging,
Soluble tape, 100% water-soluble films and adhesives, Biodegradable Airbag (void
fill) packaging, edible hard-shell capsule technology, water-soluble detergent
capsules, edible sachets and waste packing.
GREENSEAL, STARPOL, FrogPack and CradleWrap are all trademarks of the Stanelco
plc group.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.