CAR.GB Carclo plc

TIDMCAR

RNS Number : 0630C

Carclo plc

06 October 2022

6 October 2022

Carclo plc

("the Company")

Appointment of Chief Executive Officer

The Board of Carclo plc is pleased to announce the appointment of Frank Doorenbosch as Chief Executive Officer of Carclo plc ("Carclo") with immediate effect. Frank has been on the Board of Carclo since 22 January 2021 and has recently been acting as a consultant to the CTP division.

Frank has spent the majority of his career in the plastics industry with RPC Group plc, a leading manufacturer of film and packaging products. He has held roles in finance, sales and marketing and business improvement as well as managing operations in several locations across Europe and Asia. From 2016 to 2019 he was CEO of RPC bpi. Frank holds a Doctorate in Management and Organisation.

As a result of this change, Nick Sanders will stand down as Executive Chair with immediate effect becoming Non-Executive Chair. Nick will remain as Chair of the Board of Carclo plc until 31 December 2022. The Board will appoint a new Chair in due course.

Nick Sanders said:

"I'm pleased with the progress that Carclo has made in the last two years. The business has been stabilised and the management team strengthened, sales and profits have increased and the foundations laid for further profitable growth. I now feel it is the right time to appoint Frank as Chief Executive; his experience in the plastics industry is what is needed in the business now. I have therefore decided to step back from my Executive Chair position but will continue as Non-Executive Chair until the end of the year."

About Carclo plc

Carclo plc is a public company whose shares are quoted on the Main Market of the London Stock Exchange. The Group is a global provider of value-adding engineered solutions for the medical, optical and aerospace industries.

LEI: 21380078MEM399JPI956

Enquiries:

 
 Carclo plc                             01924 268040 
 Frank Doorenbosch - Chief Executive 
  Officer 
 
 FTI Consulting                         020 3727 1340 
 Nick Hasell / Susanne Yule 
 

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October 06, 2022 08:05 ET (12:05 GMT)

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