Directorate Change

Cropper(James) PLC

24 November 2023

 

This announcement contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

James Cropper plc

("James Cropper", the "Company" or the "Group")

Directorate Change

James Cropper plc (AIM: CRPR), a global market leader in advanced materials, luxury packaging and paper products, announces that James Gravestock, Managing Director for Technical Fibres and Future Energy, informed the Board on 23 November 2023 of his intention to stand down as a Director to pursue another opportunity outside the Company.  James will remain with the Group for a period to enable a smooth transition and a process has been commenced to identify a successor.

Steve Adams, Chief Executive Officer, commented:

"We are very grateful to James who, since being appointed in 2021, has made a significant contribution to the growth and development of our Advanced Materials business, which achieved a record performance in FY23.  Our process is underway to find a high calibre successor and we wish James well for the future."

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Enquiries:

James Cropper plc Rosina Merrett Mob: [phone] [e-mail] Shore Capital - (NOMAD and Broker) Robert Finlay, Henry Willcocks, Lucy Bowden Tel: [phone] Buchanan Communications - Financial PR Chris Lane, Charles Ryland, Jamie Hooper, Verity Parker [e-mail] Tel: [phone]

Notes for editors:

James Cropper is a market leader in Advanced Materials and Paper Products, centred around four market audiences: Future Energy, Technical Fibres, Luxury Packaging and Creative Papers.

A purpose-led business, built upon six generations of the Cropper family, James Cropper has a 600+ international workforce and an operational reach in over 50 countries.

Established in 1845, the Group manufactures creative papers, luxury packaging and advanced materials incorporating pioneering non-wovens and electrochemical coatings.

James Cropper is a specialist provider of niche solutions tailored to a unique customer specification, ranging from substrates and components in hydrogen electrolysis and fuel cells to bespoke colours and textures in paper and moulded fibre packaging designed to replace single use plastics.

The Group operates across multiple markets from luxury retail to renewable energy. It is renowned globally for service, capability, pioneering and multi award-winning commitment to the highest standards of sustainability.

James Cropper's goal is to be operationally net zero by 2030 and to reduce carbon through its entire supply chain to net zero by 2050.

 

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