31st Aug 2006 07:03
BBA Group PLC31 August 2006 BBA Group plc31 August 2006 PETER HICKMAN TO JOIN THE BOARD OF FIBERWEB RICHARD STILLWELL TO TRANSFER TO BOARD OF FIBERWEB FROM BBA BOARD BBA Group plc is pleased to announce the intended appointment of Peter Hickman(43) to the Board of Fiberweb as a non-executive director and Chairman of itsAudit Committee with effect from the date of its proposed demerger from BBA. Peter Hickman is currently the Director, Group Finance for HBOS plc, where he isresponsible for the group's financial reporting, strategic planning and taxaffairs. Prior to joining HBOS, Peter was a partner at Ernst & Young for 8 yearsresponsible for the audit of several of the firm's major clients. He providedtechnical advice on complex accounting matters and had oversightresponsibilities for risk management. Peter studied Engineering at CambridgeUniversity before training to become a chartered accountant. BBA also announces that Richard Stillwell, currently a non-executive director ofBBA, has agreed to join the Fiberweb Board as a non-executive director andChairman of the Fiberweb Remuneration Committee with effect from the date of itsproposed demerger. It is intended that Richard will resign from the BBA Board indue course. Richard Stillwell was appointed to the BBA Board in March 1998. He is apractising barrister, a non-executive director of Penna Consulting plc and witheffect from 1 September 2006 will be a non-executive director of St Ives plc.Until August 2000, Richard was Executive Vice-President Industrial Specialtiesat Imperial Chemical Industries plc, where he had held various posts since 1974. Malcolm Coster, Chairman Designate of Fiberweb, commented, "I am very pleased with the intended appointments we have announced today. I amconfident that the Fiberweb Board will have the right skills and experience tohelp ensure Fiberweb is successful as an independent business." Peter Hickman commented, "I am delighted that I will be joining the Board at this exciting moment inFiberweb's development. I very much look forward to working with the Board andthe Fiberweb management team to deliver a successful future for Fiberweb and tobuild value for our shareholders as an independent business." Richard Stillwell commented, "I am delighted that I will be able to continue to work with the Fiberweb teamafter the proposed demerger as a part of its Board of Directors. The year aheadwill be a very interesting and challenging year for Fiberweb and I am lookingforward to contributing to its successful future." Enquiries: BBA GroupMichael Harper, CEO020 7514 3999 FiberwebDaniel Dayan, CEO020 8439 8316 Brunswick Group LLPKate Holgate / Mark Antelme/ Katja Rennella020 7404 5959 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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