TIDMFOX

RNS Number : 8752N

Fox Marble Holdings PLC

27 September 2019

27 September 2019

Fox Marble Holdings plc

("Fox Marble" or the "Company")

Appointment of COO

Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to announce the appointment of Francisco Espinosa to the role of Chief Operating Officer to the Company in a non-Board capacity, with effect from the 1 October 2019. His role will be the executive management of all the operations of Fox Marble with specific emphasis on sales as Head of Sales worldwide, as well as the operational efficiency of the quarries and the factory.

Francisco has already visited the quarrying operations in Kosovo and Macedonia and spent time in the factory identifying areas of improvement. He is preparing a thorough strategic review in conjunction with Fox Marble's recently appointed Senior Advisor, Don Nicolson.

Francisco has worked for Levantina Y Asociados de Minerales S.A.U., one of the largest stone companies in the world for 12 years, rising to the level of Chief Operating Officer. Founded in 1959 and based in Spain, Levantina provides the much-famed crema marfil and emperador marble in over 100 countries around the world. In this role, Paco was responsible for 600 employees and accountable for seven factories (Marble, granite and ceramic). He also holds an MBA from the European School of Business in Madrid. He has in previous times worked for Caterpillar, ITT Industries and ENEBE Sport Group.

Chris Gilbert, CEO, commented "Along with the appointment of Don Nicolson, Fox Marble is fortunate to have recruited Francisco to the role of COO thus rounding out the appointment of new members of the senior management team which will build on the achievements to date as the Company moves into a more mature phase in its development. The Company will benefit from his experience and expertise to develop and support its ambitions going forward and provide the resource to accomplish this."

For more information on Fox Marble please visit www.foxmarble.net or contact:

 
 Fox Marble Holdings plc 
 Chris Gilbert, Chief Executive Officer   Tel: +44 (0) 20 7380 
                                           0999 
 Fiona Hadfield, Finance Director         Tel: +44 (0) 20 7380 
                                           0999 
 
 Brandon Hill Capital (Joint Broker) 
 Oliver Stansfield                        Tel: +44 (0) 20 3463 
  Optiva Securities (Joint Broker)         5000 
  Christian Dennis / Jeremy King           Tel: +44 (0) 20 3981 
                                           4173 
 Cairn Financial Advisers LLP (Nomad) 
 Liam Murray / Sandy Jamieson             Tel: +44 (0) 20 7213 
                                           0880

Notes to Editors:

Fox Marble (AIM:FOX), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Its marble products include Alexandrian White, Alexandrian Blue, produced from the Company's Prilep quarry in Macedonia, and Breccia Paridisea and Rosso Cait and Grigio Argento, produced from its quarries in Kosovo, are gaining traction globally both to international wholesale companies as well as being supplied directly into luxury residential properties.

In the UK these include among others St George's Homes and Capital and Counties Plc's Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia's most expensive residential property. These sales serve to demonstrate the desirability of Fox's premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.

Marble demand continues to grow with stable pricing and Fox is capitalising on this growth internationally.

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END

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September 27, 2019 02:00 ET (06:00 GMT)

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