Directorate Change

RNS Number : 3790Z

Filtrona plc

13 January 2011

 



13 January 2011

Filtrona plc

Directorate Change

Filtrona plc ('Filtrona' or 'the Company') today announces the appointment of Colin Day as successor to Mark Harper as Chief Executive of the Company.

Colin, who is currently an Executive Director and Chief Financial Officer at Reckitt Benckiser Group plc, where he has held those roles since 2000, and also a Non-executive Director at WPP Group plc and AMEC plc, will join Filtrona as Chief Executive with effect from 1 April 2011.                   

Mark will stand down from the Board at the Company's Annual General Meeting on 14 April 2011. After 25 years service, and having led Filtrona for eight years, the last five since the Company's public listing in June 2005, Mark has decided to retire from the Company in May 2011.

Jeff Harris, Chairman of Filtrona, commented:

'The Filtrona Board is delighted to welcome Colin Day as the Company's next Chief Executive. Colin has played a major role in the success of Reckitt Benckiser during his time there and he has established an outstanding reputation for delivering international growth. The Board believes Colin's extensive experience, combined with his commitment and enthusiasm for new opportunities, will drive the execution of the Company's well-established strategy and provide further impetus to Filtrona's continued strong financial performance. 

On behalf of the Board, I would like to thank Mark for the huge commitment and contribution that he has made to Filtrona over many years. Mark is determined to ensure that the transition to his successor is conducted smoothly and in the coming months he will be working closely with the Board on the handover of his responsibilities. Mark will leave Filtrona with the best wishes of all those who have worked with him. '   

Colin Day commented:

'I am delighted to be joining Filtrona at this exciting time for the Company's future development.  During 2010, Filtrona has demonstrated its ability to return to growth, after its resilient performance against the recessionary conditions which had been experienced during the previous year, and I am looking forward to devoting my energies to the challenge of maximising every opportunity to secure further value for the benefit of the Company's shareholders.' 

Enquiries Filtrona plc Jeff Harris, Chairman Tel: [phone]

Financial Dynamics Richard Mountain Tel: [phone]

Colin Day CV

Colin Day is a Fellow of the Association of Chartered Certified Accountants and has an MBA from Cranfield School of Management, UK. He is currently an Executive Director and Chief Financial Officer of Reckitt Benckiser Group plc and a Non-Executive Director of WPP Group plc and AMEC plc.

 He has previously been a Non-Executive Director of: Cadbury plc (2008 - 2010); Imperial Tobacco plc (2005 - 2007); easyJet plc (2000 - 2005); Bell Group plc (1999 - 2004); and Vero Group Plc (1996 - 1998).

Career History 2000 - to date	Executive Director and Chief Financial Officer, Reckitt Benckiser Group plc
1995 - 2000	Group Finance Director, Aegis Group plc
1988 - 1994	ABB Group; initially Group Finance Director, ABB Instrumentation Ltd, then Group Finance Director ABB Kent plc
1980 - 1988	Various finance roles, latterly Group Financial Controller, Crosfield Electronics, De La Rue Group plc
1973 - 1979	Various finance roles at Kodak and British Gas

Notes to Editors

Filtrona plc is a leading international supplier of speciality plastic and fibre products. Further information can be found on the website www.filtrona.com.

Protection & Finishing Products

A global market leading provider of product protection and finishing solutions, manufacturing and distributing plastic injection moulded, dip moulded, adhesive-coated foam and metal products.  Operating units in 14 countries serve a very broad base of customers with a rapid supply of primarily plastic products for protection and finishing applications in industries such as hydraulics, pneumatics, oil and gas, electrical controls, point of sale and tubular metal products.

Porous Technologies

The leading global technology developer and manufacturer of custom bonded fibre and hydrophilic foam components.  Its components handle fluid and vapour and deliver high value and precision performance to many of the most well-known healthcare, consumer and industrial brand owners in the world.  The components are used in a wide range of product applications including medical diagnostics and wound care, inkjet printer cartridges, writing instruments, and air fresheners.

Coated & Security Products

The global market leading producer of high quality self-adhesive tear tape and a growing supplier of labels, products and technologies for brand protection, document authentication, personal identification and track and trace.  Customers in over 100 countries are served from facilities operating in six countries. The division also includes plastic profile extrusion activities in The Netherlands.

Filter Products

This division is the only global independent cigarette filter supplier.  The 12 worldwide locations, including a UK-based research facility and three regional development centres provide a flexible infrastructure strategically positioned to serve the cigarette industry.  The division supplies a wide range of value adding high quality innovative filters from monoacetate to multi-segment speciality filters with sophisticated adsorbent materials. 

 

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