25th Jan 2005 07:00
Stanelco PLC25 January 2005 25 January 2005 Stanelco PLC Directorate Change Stanelco PLC ("Stanelco") is pleased to announce the appointment of RobertPhilip Boardman, 31 to the Board as Director with immediate effect. Rob willserve as Finance Director from 1 February 2005 when Barrie Hozier, the currentFinance Director moves to a non-executive role. Robert joins Stanelco having been Finance Director at Durlacher Corporation plc,where he oversaw a major equity issue and the takeover of webangel plc. Prior tothat, Rob was at Altium Capital, where he was Finance Director of the leadingcorporate finance and securities Group. Robert qualified as a CharteredAccountant with Arthur Andersen in 1997. There are no further disclosures to be made pursuant to rule 16.4 of the ListingRules. Ian Balchin, CEO of Stanelco commented: "We are delighted that Robert, who has excellent PLC and City experience hasaccepted this position and strengthened our Board. We look forward to workingwith him to help take Stanelco through its current stage of development and torelease its full potential." Robert Boardman commented: "I am very much looking forward to working with the Stanelco team. Thetechnology platform is extremely exciting and I look forward to helping derivemaximum value from Stanelco's intellectual property." ends For further information please contact:Ian Balchin, Chief ExecutiveStanelco PLCTel: +44 (0)2380 867100 Jonathon Brill/Billy CleggFinancial DynamicsTel: +44 (0)20 7831 3113 Notes to Editors: Stanelco was founded in 1953 and is a world leader in the development of radiofrequency technologies for processing polymers for edible and packagingapplications and the design and manufacture of optical fibre technology,induction heating and dielectric welding equipment. The Company's current corebusiness is the manufacture of optical fibre using Radio Frequency (RF)technology. Stanelco has been applying its technology to other markets. Currentdevelopments include biodegradable air cushion packaging, sealing of low-costconventional plastics for food packaging, water-soluble detergent capsules,foamed starch trays, edible sachets and waste packing. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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