27th Jun 2006 09:10
BBA Group PLC27 June 2006 BBA Group Plc 27 June 2006 MALCOLM COSTER APPOINTED CHAIRMAN DESIGNATE of FIBERWEB BBA Group Plc is pleased to announce that Malcolm Coster (61) has been appointednon-executive Chairman of Fiberweb with effect from the date of its demergerfrom the BBA Group. Pending the separate listing, Malcolm, as ChairmanDesignate, will act as part of the Fiberweb advisory committee responsible forreviewing and approving a number of specific items relating to the demerger. Theappointment marks an important step in the planned demerger of Fiberweb in thelast quarter of 2006. Malcolm is currently Chairman of MTL Instruments Group Plc, an internationallysuccessful equipment manufacturer and supplier, and DMW Group, a technologyconsultancy. He is also a non-executive director of BTG Plc and an externalDirector of the Performing Rights Society. Malcolm graduated with a Special Honours Degree in Mathematics from KingsCollege, London and started his career with the Corporation of Economic andIndustrial Research. After 11 years with British Petroleum Company Plc where heserved as Global Head of IT he joined Coopers & Lybrand (now PricewaterhouseCoopers) where he spent 8 years as Executive Partner and Board member. As President of Unisys Corporation in Europe, Middle East and Africa he led asuccessful turnaround across 53 countries and saw its transition from a computerhardware and software company to a services and solutions organisation. In recent years as a Chairman/CEO and Board member, Malcolm has been involved inmany international acquisitions and several company flotations, including thesuccessful demerger of Torotrak Plc from BTG Plc. BBA Group CEO, Michael Harper, commented, "I am very pleased with Malcolm's appointment and confident that his impressivetrack record as both an executive and non-executive with a wide range ofcompanies will help ensure Fiberweb is successful as an independent business.His experience of bringing companies to market will be invaluable over thecoming months as we work towards the demerger of Fiberweb later this year. " Malcolm Coster, Chairman Designate of Fiberweb, commented, "I am delighted to be taking on the role of Chairman at this exciting moment inFiberweb's development. I very much look forward to working with the BBA Boardand the Fiberweb management team to deliver a successful demerger and tobuilding value for our shareholders as an independent business." Enquiries: BBA Group Michael Harper, CEO020 7514 3999 Brunswick Group LLP Mike Smith / Kate Holgate / Lucie Anne Brailsford020 7404 5959 Notes to Editors BBABBA is a leading, focused aviation services company with two thirds of its salesto the fast growing business aviation market. The business operates in two areas - airport services and maintenance, repair and overhaul (MRO). In airport services, BBA has two principal activities: Signature, a marketleading brand operating the world's largest business aviation fixed baseoperation network and ASIG, serving the commercial aviation market whereactivities include refuelling, cargo handling and ground handling. In MRO, BBA'sactivities include overhaul of jet engines, supply of aircraft parts, design,manufacture and overhaul of landing gear, aircraft hydraulics and other aircraftequipment. Fiberweb Fiberweb is a world-leader in the design and manufacture of tailored non-wovenfabric solutions, with 65% of its sales to the hygiene and medical markets and35% in a wide range of industrial specialty markets. Fiberweb has 23manufacturing sites in 15 countries across the globe and employs the widestrange of non-woven production and treatment technologies to meet demandingcustomer requirements for service, quality and flexibility. Fiberweb specialises in the collaborative development of innovative productswithin long-term customer relationships, supported by global R&D resources. Fiberweb's strong brands include Reemay, Typar, Terram and Corovin. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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