Macfarlane Group PLC (MACF) - Directorate Change
RNS Number : 2482N
Macfarlane Group PLC
27 September 2012
27 September 2012
MACFARLANE GROUP PLC
APPOINTMENT OF TWONON-EXECUTIVE DIRECTORS
The Board of Macfarlane Group PLC ("Macfarlane") is pleased to announce the
appointments of Mike Arrowsmith and Stuart Paterson as non-executive
Directors. They will join the Board with effect from 26 September 2012 and 1
January 2013 respectively. Stuart will also chair the Audit Committee with
effect from 1 January 2013.
These appointments add significant relevant experience and strength to the
Board of Macfarlane. Mike was Group Chief Executive of Linpac Group Ltd, a
food and consumer packaging company, and previously Chief Executive of Tibbett
& Britten Plc, the international third party logistics group. Stuart is
currently Finance Director at Forth Ports Limited, the UK port operations and
property group, and previously held a number of senior financial and general
management roles at Motorola Corporation, Aggreko PLC and Johnston Press PLC.
Graeme Bissett, Chairman, today said:
"I am delighted to add to the strength of the Board with the appointments of
Mike and Stuart. Both have very relevant experience with Mike's background in
packaging and logistics, and Stuart's financial experience in listed
companies. I look forward to working with them to progress the development of
Further enquiries Macfarlane Group 0141 333 9666
Graeme Bissett, Chairman
Spreng & Co.
Callum Spreng 0141 548 5191
Notes to Editors
Mike was Group Chief Executive of Linpac Group Ltd, a market-leading
international food and consumer packaging company with manufacturing
operations across five continents and sales of £1.1 billion, from 2005-2010.
Prior to this he worked for Tibbett & Britten Plc, the £1.5 billion sales
third party logistics group, from 1999-2005, joining the board in a senior
commercial role before leading the transformation of the group as Chief
Executive from 2001-2004 prior to its sale to Exel Plc. He served as a
non-executive director of Enodis Plc from 2004-2008. In 2010 Linpac Group Ltd
completed a creditors voluntary arrangement as part of an agreed financial
Stuart is a Chartered Accountant and is currently Chief Financial Officer at
Forth Ports Limited, joining in March 2011 when it was listed on the London
Stock Exchange. In June 2011, the group was acquired by Arcus Infrastructure
Partners. Prior to his current role, Stuart was CFO of Johnston Press PLC from
2001-2010 completing a number of acquisitions and a complex refinancing
exercise in 2009 and he has extensive experience in dealing with pension
matters. Stuart previously worked in senior financial management roles at the
electronics group Motorola Corporation, and then as Group Finance Director and
then Managing Director Europe for Aggreko PLC, the global power hire group. He
served as a non-executive director with Devro plc from 2006 to April 2012,
where he chaired the Audit Committee.
There are no other disclosures required under LR9.6.13 of the Listing Rules in
relation to these appointments.
Macfarlane Group PLC
· Macfarlane Group PLC is a UK group focused on packaging-related
activities with 60 years experience in the UK packaging industry and is listed
on the London Stock Exchange.
· The Group has two divisions:
o Packaging Distribution is the leading UK distributor of a comprehensive
range of packaging consumable products.
o Manufacturing Operations comprises businesses designing and assembling
transit packaging for the protection of high value fragile items and the
design and printing of high quality self-adhesive and re-sealable labels used
by major FMCG companies.
· Macfarlane Group is headquartered in Glasgow, Scotland, and employs
over 700 people at 22 sites, principally in the UK and Ireland.
· The Group services 20,000+ customers in the UK, Europe and the USA
providing 600,000+ lines to a wide range of industry sectors including:
consumer goods; logistics; electronics; food manufacturing; retail; internet
and mail order.
This information is provided by RNS
The company news service from the London Stock Exchange
BOAPGUCABUPPGCQ -0- Sep/27/2012 06:01 GMT
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