Cookson Group PLC Directorate Change (2682S)
29 November 2012 - 8:01AM
UK Regulatory
TIDMCKSN
RNS Number : 2682S
Cookson Group PLC
29 November 2012
29 November 2012
Appointment of a Non-executive Director of Vesuvius plc
Cookson Group plc ("Cookson") announced on 1 November 2012 that
it proposed to demerge its Performance Materials division, such
that Cookson would then consist principally of the Engineered
Ceramics division, to be renamed Vesuvius plc ("Vesuvius"). These
proposals were approved by the Court and Cookson shareholders on 26
November 2012 and the demerger continues to be expected to become
effective on 19 December 2012.
Cookson announces today that Jane Hinkley is to join the Board
of Vesuvius plc as a non-executive Director with effect from 3
December 2012. It is anticipated that Ms Hinkley will take over
from John Sussens as Chairman of the Remuneration Committee when Mr
Sussens retires from the Board immediately following the 2013
annual general meeting.
Ms Hinkley is currently a non-executive Director and Chairman of
the Remuneration Committee of Premier Oil plc. She also serves as a
non-executive director of Teekay GP L.L.C.. This is the general
partner of Teekay LNG Partners L.P. the international provider of
marine transportation services for Liquefied Natural Gas ("LNG"),
LPG and crude oil, which is a NYSE listed partnership. She
previously held the position of non-executive director of Revus
Energy ASA, a Norwegian exploration and production company.
Ms Hinkley spent a large part of her career working at
Gotaas-Larsen Shipping Corporation, the LNG shipping specialist
which was listed on both the London Stock Exchange and NASDAQ. She
served as CFO from 1988-1992, and as Managing Director until 1997.
In 1998 Ms Hinkley was appointed Managing Director of Navion
Shipping AS, a company majority owned by Statoil, the Oil and Gas
company, a position she held until 2001. Ms Hinkley is a qualified
chartered accountant.
John McDonough, Chairman designate of Vesuvius, said:
"I look forward to welcoming Jane, with her wealth of
international business experience as both a senior executive and
also a non-executive director, to the Vesuvius Board."
No other disclosure obligations arise under paragraphs (1) to
(6) of LR 9.6.13 R of the UK Listing Authority's Listing Rules in
respect of this appointment.
Ends
For further information please contact:
Shareholder/Analyst Enquiries:
Vesuvius plc
François Wanecq, CEO-designate
Chris O'Shea, CFO-designate
Maddy Cox-Smith, IR Manager +44 (0)20 7822 0000
Media Enquiries:
Ian Payne
MHP Communications +44 (0)20 3128 8100
About Vesuvius plc:
Vesuvius will comprise the former Engineered Ceramics and
Precious Metals Processing divisions of Cookson.
The Engineered Ceramics division is a global leader in metal
flow engineering, developing, manufacturing and marketing mission
critical advanced ceramic consumable products and systems to
demanding applications, primarily in the global steel and foundry
industries and in industries that require refractory materials for
high temperature, abrasion resistant and corrosion resistant
applications such as the aluminium, cement, glass and solar
industries. The Precious Metals Processing division supplies
fabricated precious metals (primarily gold, silver, platinum and
palladium) to the jewellery industry in Europe and has significant
precious metals recycling operations.
Vesuvius will be organised into three business segments:
-- Steel, comprising the Engineered Ceramics division's Steel
Flow Control and Advanced Refractories
businesses;
-- Foundry, comprising the Engineered Ceramics division's
Foundry Technologies and Fused Silica
businesses; and
-- Precious Metals Processing.
Vesuvius had revenue of GBP2,012 million and a trading profit of
GBP190.6 million in the year ended 31 December 2011. As at 30 June
2012, Vesuvius had approximately 12,100 employees.
Vesuvius' Board will comprise:
John McDonough CBE Chairman
François Wanecq Chief Executive
Chris O'Shea Finance Director
Christer Gardell Non-Executive Director
Jeff Hewitt Non-Executive Director
Jane Hinkley Non-Executive Director
Jan Oosterveld Non-Executive Director*
John Sussens Non-Executive Director*
*John Sussens will retire as a Vesuvius Director immediately
following Vesuvius' 2013 annual general meeting. Jan Oosterveld
also intends to retire as a Vesuvius Director immediately following
Vesuvius' 2013 annual general meeting, subject to the appointment
of his successor.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAKVLFLLFFEFBL
Cookson (LSE:CKSN)
Historical Stock Chart
Von Aug 2024 bis Sep 2024
Cookson (LSE:CKSN)
Historical Stock Chart
Von Sep 2023 bis Sep 2024