Appointment of Group Finance Director

RNS Number : 7040B

Essentra plc

08 October 2015

 



ESSENTRA PLC

A leading global provider of essential components and solutions

APPOINTMENT OF GROUP FINANCE DIRECTOR

Further to the announcement on 28^th August 2015, the Board of Essentra plc ("Essentra" or "the Company") today confirms the permanent appointment of Stefan Schellinger as Group Finance Director with immediate effect.

Stefan Schellinger has advised the Company that no details are required to be disclosed under Listing Rule 9.6.13.

Enquiries

Essentra plc Joanna Speed, Corporate Affairs Director Tel: [phone]

Buchanan Richard Oldworth Charles Ryland Helen Chan Tel: [phone]

Stefan Schellinger: biographical details

2013 to date: Corporate Development Director, Essentra plc

A Group Management Committee role and responsible for determining the Company's strategy, including managing the strategic planning process across Essentra's Strategic Business Units to deliver the objectives of Drive for 2020.  Accountable for all aspects of M&A, including deal origination, strategic evaluation, pipeline management, due diligence, negotiation and integration.  Under Stefan's tenure, Essentra has completed six transactions with a total value of c. £400m, including the Company's largest acquisition to date, Clondalkin Specialist Packaging Division, for US$455m.

2011 - 2013: Finance Director - Emerging Markets, Gilbarco Veeder Root

Responsible for the finance organisation and management of a fast-growing emerging markets business, including annual budget setting, monthly reporting and forecasting, financial controls and compliance.

2005 - 2011: Corporate Development Director - Europe, Danaher Corporation

Based in Washington DC and London, drove the M&A agenda of the highly-acquisitive and fast-growing Danaher Corporation, a US-based global science and technology company with revenue of over US$20bn.  Successfully completed more than 25 transactions across Europe, Africa and Asia Pacific.

2000 - 2005: Vice President - European Diversified Industrials / Transport, JP Morgan Investment Banking

Provided strategic advice to international corporate clients in the European industrials sector, focusing on the origination and execution of M&A and capital markets transactions.

1998 - 2000: MBA in Strategic Management & Finance, University of Chicago

1995 - 1998: Senior Auditor, Arthur Andersen

Based in Frankfurt, trained in German and international accounting standards, with a focus on industrial manufacturing clients.

Notes to Editors

Essentra plc is a FTSE 250 company and a leading global provider of essential components and solutions.  Essentra focuses on the light manufacture and distribution of high volume, enabling components which serve customers in a wide variety of end-markets and geographies.

Distribution

The Components business is a global market leading manufacturer and distributor of plastic injection moulded, vinyl dip moulded and metal items.  Operating units in 27 countries serve a very broad industrial base of customers with a rapid supply of products for a variety of applications in industries such as equipment manufacturing, automotive, fabrication, electronics and construction.

The Speciality Tapes business has expertise in coating multiple adhesive systems in numerous technologies.  With close to 3,000 adhesive products available for same-day shipping, Essentra's products can meet all high performance needs, from foam, magnetic, finger lift and acrylic high bond tapes to hook and loop and non-skid foam.

The Security business has been at the forefront of ID technology for over 30 years, and has access to the widest portfolio of products and services, including printers, software and consumables from leading manufacturers.

Health & Personal Care Packaging

A leading global provider of packaging and authentication solutions to a diversified blue-chip customer base in the pharmaceutical, health & personal care, consumer and specialist packaging sectors, and to the paper and board industries.  The business focuses on delivering value-adding innovation, quality and service through the provision of a wide range of products and solutions, including cartons, tapes, leaflets, foils, labels and authentication solutions.

Filter Products

The only global independent cigarette filter supplier.  The nine worldwide locations, including a dedicated Technology Centre supported by three regional development facilities, provide a flexible infrastructure strategically positioned to serve the tobacco industry.  The business supplies a wide range of value-adding high quality innovative filters, packaging solutions to the roll your own segment and analytical laboratory services to ingredient measurement to the industry.

Specialist Technologies

A leading provider of specialised solutions to an international customer base in a diverse range of end-markets, including oil and gas, construction, point of sale, health & personal care and consumer goods.

Essentra Porous Technologies is a leading developer and manufacturer of custom fluid handling components, engineered from a portfolio of technologies that includes bonded and non-woven fibre, polyurethane foam and porous plastics.  Representing innovations used in healthcare, consumer and industrial applications, its enabling components are found in a wide range of products from medical diagnostics tests to advanced wound care pads, inkjet printer cartridges, writing instruments, clean room wipes and air fresheners.

The Pipe Protection Technologies business specialises in the manufacture of high performance innovative products from commodity resins to engineering-grade thermoplastics and polymer alloys for use in a range of end-markets.  Locations in four countries, combined with a wide distributor network, serve customers around the world.

Essentra Extrusion is a leading custom profile extruder located in the Netherlands which offers a complete design and production service.  One of the first companies to extrude plastics in 1956, Essentra is now one of Europe's most advanced suppliers of co-extrusion and tri-extrusion to all branches of industry.

Headquartered in the United Kingdom, Essentra's global network extends to 33 countries and includes c. 9,000 employees, 69 principal manufacturing facilities, 64 sales & distribution operations and 5 research & development centres. For further information, please visit www.essentra.com.

 

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