19th Jul 2007 11:01
UMECO PLC19 July 2007 19 July 2007 Umeco plc Board Changes Umeco plc ('Umeco'), an international provider of supply chain and repair &overhaul services and advanced composite materials primarily to the aerospace &defence and automotive industries, is pleased to announce the appointment ofDouglas Robertson as Group Finance Director with effect from 30 July 2007. MrRobertson succeeds John Beaumont who has held the position since 1993 and who isretiring from the Board and from the company on 20 July 2007. Since 2001 Mr Robertson, aged 53, has been Group Finance Director of Seton HouseGroup Limited, a holding company created in 2002 for the purposes of the £500mprivate equity backed buy-out of Britax International plc. Britax Internationalwas a global business with sales of circa £500m and three operating divisions:Aircraft Interiors, Public Safety Equipment and Britax Childcare. During histenure, the Childcare and Public Safety divisions were successfully divested,the latter in April 2007. From 1994 to 2000 he held a variety of Divisional Finance Director roles withinWilliams plc. In 2000 following the demerger of Chubb plc from Williams, hebecame Managing Director of Tesa Group, Chubb's hotel security division,responsible for developing the electronics business and divesting the mechanicaloperation. Mr Robertson qualified as a Chartered Accountant with Price Waterhouse. There are no other disclosures relating to Mr Robertson's appointment underListing Rule 9.6.13 (1) to (6). Brian McGowan, Chairman of Umeco, said: "We are delighted to welcome Douglas to Umeco. He has excellent financial andcommercial experience across a broad range of industries and with aninternational dimension. He also has a strong track record of successful M&Aexecution and value creation. "John Beaumont has, over the past 14 years, been an extremely effective FinanceDirector and Board colleague. During his tenure Umeco has been transformed andseen substantial growth and, for this, John shares much of the credit. On behalfof the Board, I thank him for his contribution and wish him a very happyretirement." - Ends - For further information, please contact: Umeco plcBrian McGowan 01926 331800Clive Snowdon Hogarth Partnership 0207 357 9477John OlsenBarnaby Fry Umeco plc Umeco is a leading innovator in distribution, supply chain management and repairand overhaul services to the aerospace and defence industries, harnessing newmethods for enhancing its customers' performance and profitability. Umeco also has significant manufacturing interests in advanced compositematerials for a growing range of applications in its core aerospace and defencemarkets 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 £333.9 million in theyear to 31 March 2007. Umeco is managed through three divisions:- Umeco Supply Chain - a leading international provider of value-addeddistribution and supply chain outsourcing services to customers in the aerospace& defence market. With its specialisation in the supply of small components andsophisticated IT systems, its growing global customer base can enjoy significantoperational, cost and working capital benefits. Customers include Rolls-Royce plc, BAE SYSTEMS, Safran Group, Parker Aerospace,Goodrich , Bombardier, Lockheed Martin and the US Department of Defense. Umeco Composites - a provider of a complete range of advanced compositematerials and specialist chemical products principally to the aerospace,motorsport, automotive and wind energy markets. A growing range of value-addedoutsourcing services is provided to major customers. Customers include Boeing, Airbus, BAE SYSTEMS, Goodrich Aerostructures, BritishAirways, Lufthansa Technik, a number of manufacturers of high performance supercars and Formula 1 teams including Team McLaren Mercedes. Umeco Repair and Overhaul - a provider of a comprehensive accessory repair andinstallation service to operators of fixed and rotary wing aircraft ranging insize from executive jets through to a Boeing 747. Customers include British Airways, KLM, Swiss, Alitalia Express, BristowHelicopters, BAE SYSTEMS, Saab Aircraft and Pratt & Whitney. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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