This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.
10 August 2022
James Cropper PLC (the "Company" or the "Group")
(AIM: CRPR)
Directorship Change
James Cropper PLC, the leading advanced materials and paper products group, is pleased to announce the appointment of Steve Adams as Chief Executive Officer following the resignation of Phil Wild. These changes are with immediate effect.
Steve Adams, who is an Executive Director of the Company and Managing Director of the James Cropper Paper Division, joined the Company in 2017 and has a strong commercial background with leadership experience previously gained at 3M in the UK and Europe covering display, traffic and vehicle safety, telecommunications, electronics and energy markets.
Mark Cropper, Chair, paid tribute to the contribution which Phil Wild has made to the business over the past 10 years:
"Under Phil's leadership, the foundations and prospects of the Group have been transformed. He has overseen step changes in TFP including the acquisition leading to TFP Hydrogen, the creation of Colourform, and the renewal of many of our functions. He has also successfully navigated us through Covid and other challenges and leaves a legacy - not least the team he built around him including Steve - that will be felt for many years to come."
Commenting on his appointment, Steve Adams said:
"I am delighted and honoured to have been invited to lead James Cropper at a real inflection point on our growth journey. Building on the strong foundations set in place by Phil Wild, I am excited at the prospect of capitalising on the unique and significant capabilities of our people and know-how to become a truly global market leader in our core technology areas. Our Purpose and Values will continue to sit at the heart of everything we do as we position ourselves more prominently and meaningfully in front of our customers."
| Enquiries: | |
| Mark Cropper, Chair | Robert Finlay, Henry Willcocks, John More |
| James Cropper PLC | Shore Capital |
| Telephone: +44 (0) 1539 722002 | Telephone: + 44 (0) 20 7408 4090 |
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LEI: 213800XM78VTDYGBRM93
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