22nd Sep 2006 09:38
Elementis PLC22 September 2006 ELEMENTIS NAMES NEW CHAIRMAN: BOB BEESTON, CHAIRMAN OF COOKSON GROUP PLC, TO SUCCEED EDWARD BRAMSON Elementis today announces the appointment of Bob Beeston as its new Chairman.The appointment is effective immediately. Edward Bramson steps down as Chairmanand will remain on the board as a Non-executive Director. The Board also intendsto appoint a Chief Executive in the near future. Bob Beeston, 64, has been Non-executive Chairman of Cookson Group plc, theinternational materials science company, since April 2003. He is also the SeniorIndependent Director and Chairman of the Remuneration Committee of D S Smithplc, the international packaging and office products group, where he has been aNon-executive Director since December 2000. Since his appointment as Chairman Cookson has been transformed. A new executiveteam was appointed, including a new Chief Executive and Finance Director, thegroup's strategy was re-focussed and business operations substantially improved.The company's financial standing has been restored and Cookson returned to thedividend list earlier this year. From 1992 until 2002, he was Chief Executive Officer of FKI plc, theinternational engineering group. During his tenure at FKI, the business wassuccessfully restructured into four divisions each commanding a leading positionin their global markets, and produced an impressive record of strong cash flowand dividend growth. From 1960 he spent 18 years with Dowty Group before joining John Brown PlasticsMachinery (UK) Ltd as Managing Director in 1978. In 1985, he was appointedManaging Director of BTR Valve Group, a position he held for six years beforejoining FKI plc. Edward Bramson said: "Bob brings a wealth of experience both as a successfulbusiness leader and as Board Chairman and I am delighted that he has acceptedthe position". The Company confirms that that there are no other matters requiring disclosurein relation to listing rule 9.6.13. Enquiries:Andrew Dowler Tel: +44 (0)20 7831 3113Greg Quine This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Elementis