Cropper(James) PLC Directorship Change (6177C)
14 Junio 2023 - 1:00AM
UK Regulatory
TIDMCRPR
RNS Number : 6177C
Cropper(James) PLC
14 June 2023
This announcement contains inside information for the purposes
of Regulation 11 of the Market Abuse (Amendment) (EU Exit)
Regulations 2019/310 (as amended). Upon the publication of this
announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.
14 June 2023
James Cropper plc
('James Cropper', the 'Company' or the 'Group')
Directorship Change
James Cropper plc (AIMS: CRPR), a global market leader in
advanced materials, luxury packaging and paper products , announces
that Isabelle Maddock has resigned from the Board and from her role
as Chief Financial Officer (CFO) with immediate effect.
Isabelle Maddock said: "It has been a privilege to be CFO of
James Cropper over the last 9 years and to have been instrumental
in navigating the Company through many challenging years whilst
shaping where we focus and grow. James Cropper has a hugely bright
future and is well positioned to create long term value for its
shareholders."
Steve Adams, CEO of James Cropper, paid tribute to the
contribution that Isabelle has made to the business over the past
17 years:
"Isabelle joined the Group in 2006, has been CFO since 2014, and
has been a valued member of the Board and leadership team
throughout her years of service to James Cropper. Isabelle has
played an important role in protecting the business through
challenging times, including the Covid pandemic, as well as
creating the financial strength and discipline that will enable
James Cropper to continue to deliver the ambitious growth strategy.
I want to personally thank Isabelle for her hard work and
dedication during this period, and I wish her all the very best for
the future."
Further to this announcement, James Cropper is pleased to also
announce the appointment of Andrew Goody as Chief Financial and
Operations Officer (CFOO). Andrew is expected to join the Company
and the Board of Directors this coming autumn after completing his
period of notice. Andrew's appointment is subject to the usual
regulatory approval and a further announcement will be made in due
course.
Andrew has over 20 years' experience as a Finance Director
across a variety of sectors. He is currently the Finance Director
for Bibby Marine and previously worked at Garic, Bibby Group's
plant hire business, during which time the business saw revenue
growth of 80% and more than doubled EBITDA.
Prior to Bibby, Andrew worked as Finance Director for TJ Hughes.
He spent the early years of his career and qualified as a chartered
accountant with KPMG. Andrew has a proven track record in
developing and delivering successful investment strategies as well
as improving working capital. He has extensive financial,
commercial, M&A and business transformation experience.
Steve Adams, Chief Executive Officer, commented:
"I am delighted that Andrew will be joining James Cropper as
CFOO, and I look forward to working with him. Andrew's extensive
experience in financial, commercial and business transformation
will be a great addition to the senior team as James Cropper
delivers on its growth strategy."
Andrew Goody commented:
"I'm really pleased to be joining James Cropper and look forward
to working with the team to build upon the strong foundations in
place as it delivers on its exciting strategy for accelerated
revenue and profit growth."
-ENDS-
Enquiries:
James Cropper plc
Rosina Merrett
Mob: +44 (0) 7500 083559
rosina.merrett@cropper.com
Shore Capital - (NOMAD and Broker)
Robert Finlay, Henry Wilcocks, John More, Lucy Bowden
Tel: +44 (0) 20 7601 6100
Buchanan Communications - Financial PR
Chris Lane, Charles Ryland, Jamie Hooper, Verity Parker
jamescropper@buchanancomms.co.uk
Tel: +44 (0) 207 466 5000
Notes for editors:
James Cropper is a market leader in advanced materials and paper
products. Led by the Cropper family for six generations, the
business has an international workforce and an operational reach in
over 50 countries.
Established in 1845, the Group manufactures paper, packaging and
advanced materials incorporating pioneering non-wovens and
electrochemical coatings.
James Cropper is a specialist provider of niche solutions
tailored to a unique customer specification, ranging from
substrates and components in hydrogen electrolysis and fuel cells
to bespoke colours and textures in paper and moulded fibre
packaging designed to replace single use plastics.
The Group operates across multiple markets from luxury retail to
renewable energy. It is renowned globally for service, capability,
pioneering and multi award-winning commitment to the highest
standards of sustainability.
James Cropper's goal is to be operationally carbon neutral by
2030 and to reduce carbon through its entire supply chain to net
zero by 2050.
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END
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