15th Sep 2023 10:17
(Alliance News) - Trifast PLC on Friday said it has appointed former Essentra PLC packaging chief executive Iain Percival as its new chief executive officer.
The Uckfield, England-based industrial fastenings firm said Percival's appointment is effective from September 20, with its interim CEO Scott Mac Meekin to step down on September 19.
The firm said Mac Meekin will be appointed as head of strategic transformation.
Trifast noted that Percival has worked within industrial manufacturing for 30 years, having also acted as CEO of Rexam PLC's beverage cans business between 2013 and 2016.
Non-Executive Chair Serena Lang said: "We also welcome Iain to Trifast. We believe that we have attracted an experienced leader whose multifaceted skills and hands-on experience will be invaluable as we continue to rebuild and reposition the business over the medium term. We look forward to updating in more detail on progress at the half-year results in November.
"On behalf of everyone involved in the business, I would like to thank Scott for his enthusiasm and the personal commitment he has made to us as interim CEO while we identified a permanent successor for the position."
On Thursday, the firm announced Serena Lang has become chair of the company following the retirement of Jonathan Shearman and Lang's appointment as chair-elect in August.
Trifast shares rose 2.9% to 82.30 pence each on Friday morning in London.
By Harvey Dorset, Alliance News reporter
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