Cookson Group PLC (CKSN) - Directorate Change
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 Hinkleyis 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
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.
For further information please contact:
Vesuvius plc +44 (0)20
François Wanecq, CEO-designate
Chris O'Shea, CFO-designate
Maddy Cox-Smith, IR Manager
Ian Payne +44 (0)20
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
• Foundry, comprising the Engineered Ceramics division's Foundry Technologies
and Fused Silica
• Precious Metals Processing.
Vesuvius had revenue of £2,012 million and a trading profit of £190.6 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
BOAKVLFLLFFEFBL -0- Nov/29/2012 07:01 GMT
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