21st Jan 2008 07:52
Devro PLC21 January 2008 21 January, 2008 Devro appoints Peter Williams as Finance Director Devro plc, the world's leading manufacturer of collagen products for the foodindustry, today announces the appointment of Peter Williams as Finance Director,with effect from 1 May, 2008. In September 2007, Devro announced that John Neilson, the current FinanceDirector, intended to retire. John Neilson will leave the company on 1 May,2008, following the AGM. Peter Williams, 55, is currently CFO of Cermaq ASA, the Oslo listed industrialaquaculture feed manufacturer and salmon farming company, with turnover of inexcess of US$1bn. Over his career he has also held a number of senior financepositions in the international textile industry, including at Pringle ofScotland, where he was Finance Director, and at Courtaulds Textiles plc. Hequalified as a Chartered Accountant whilst working at Coopers & Lybrand inEdinburgh and has a degree in Economics from Aberdeen University. He is also aFellow of the Association of Corporate Treasurers. Commenting on this announcement, Pat Barrett, Chairman of Devro plc, said: "Peter Williams brings to Devro a wealth of directly relevant experience, builtupon a career in financial management within the international process industryand in particular over the last ten years at Cermaq. Peter has a track record ofachievement throughout his professional life, including in publicly quotedcompanies, and we firmly believe his skill set will complement those of thesenior management team." There are no details that are required to be disclosed under paragraph 9.6.13(2)-(6) of the Listing Rules of the UK Listing Authority. For further information please contact: Mark Antelme Brunswick 020 7404 5959 Notes to editors Peter Williams' career profile: 1997-present: Cermaq ASA: Divisional Finance Director / Chief Financial Officer1995-1996: Pringle of Scotland: Deputy Managing Director / Finance Director1989-1995: Courtaulds Textiles plc: Group Treasurer / Finance Director International Fabrics Division1988-1989: Coloroll Group plc: Group Treasurer1983-1988: BICC Group plc: Divisional Finance Director (Mexico) / Internal Audit Manager / Treasurer of BICC Cables Ltd1975 - 1983: Coopers & Lybrand, Edinburgh and Madrid About Devro At Devro's interim results in September 2007, the company announced that JohnNeilson, Finance Director since 1991, had decided to retire in 2008 following 32years of service and a recruitment process had been initiated. Devro (www.devro.plc.uk) is the world's leading manufacturer of collagenproducts for the food industry. In addition, the company manufactures a range ofplastic casings, supplies customers in the food industry with a range ofdistributed products and also supplies pure collagen raw materials for use inthe healthcare industry. With manufacturing facilities in three continents and2006 revenue in excess of £150m, Devro products are sold worldwide. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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