3rd Jun 2008 07:01
3 June 2008
Umeco plc
Board appointment
Umeco plc, an international provider of supply chain and advanced composite materials primarily to the aerospace & defence industries, announces that Andrew Moss, currently Chief Executive of Umeco Composites, has been appointed to the Board in the new Group role of Chief Operating Officer.
In his new role, Andrew will have responsibility for Group operating performance and will chair the Boards of Umeco's subsidiary companies.
Following on from this appointment, certain changes are being made to the operational management structure of the Group's two divisions. Umeco Composites will be managed through three business units: Process Materials (Aerovac, Richmond, Med-Lab), Structural Materials (ACG, GRPMS), and J D Lincoln. Umeco Supply Chain will continue to be managed through three business units: Pattonair Europe, Pattonair North America, and Pattonair UK & Asia. The senior management of each of these six business units will report directly to Andrew Moss. Jason Crabtree has relinquished his role as Chief Executive of Umeco Supply Chain and will leave the Group.
Brian McGowan, Chairman of Umeco plc, said:
"I am delighted to welcome Andrew Moss to the Board in this new role. He has been instrumental in the development of Umeco Composites into the very significant and successful business it is today.
"Following the strategic steps taken last year to refocus the Group around the two high growth businesses of Composites and Supply Chain, which Jason Crabtree leaves in excellent strategic and financial shape, Andrew is exactly the right person now to drive forward our operational performance across both these divisions.
"His appointment as Chief Operating Officer will allow our Chief Executive, Clive Snowdon to focus more of his time on Umeco's strategic development, ensuring that we take full advantage of the many and substantial opportunities that we see ahead of us. "
There are no additional details relating to Andrew Moss' appointment that are required to be disclosed pursuant to paragraph 9.6.13 (1) to (6) of the Listing Rules.
- Ends -
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Umeco plc |
Tel: +44 (0) 1926 331 800 |
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Clive Snowdon, Chief Executive www.umeco.com |
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Hogarth Partnership |
Tel: +44 (0) 20 7357 9477 |
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John Olsen Barnaby Fry Vicky Watkins |
Further Information on Umeco plc
Umeco is a leading innovator in distribution and supply chain management to the aerospace and defence industries, harnessing new methods for enhancing its customers' performance and profitability.
Umeco also has significant manufacturing interests in advanced composite materials for a growing range of applications in its core aerospace and defence markets and in other high performance technology industries such as motor sport, automotive and wind energy.
Listed on the London Stock Exchange, Umeco had turnover of £335.2 million in the year to 31 March 2008.
Umeco is managed through two divisions:-
Umeco Composites - a provider of a complete range of advanced composite materials principally to the aerospace, motor sport, automotive and wind energy markets.
Customers include Boeing, Airbus, BAE Systems, manufacturers of wind turbines, a number of manufacturers of high performance super cars and Formula 1 teams including Team McLaren Mercedes
Umeco Supply Chain - a leading international provider of value-added distribution and supply chain outsourcing services to customers in the aerospace & defence market. With its specialisation in the supply of small components and sophisticated IT systems, its growing global customer base can enjoy significant operational, cost and working capital benefits.
Customers include Rolls-Royce plc, BAE Systems, Safran Group, Parker Aerospace, Goodrich, Thales, Aerospace, Turbomeca, Lockheed Martin and the US Department of Defense.
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