The Company is pleased to announce today the appointment of Mr Colin Stott to the Board of SWP as Director effective immediately.
Colin is an executive Director and is the Managing Director of the Crescent, DRC and Ulva businesses. He completed his engineering apprenticeship with BICC and has twenty years international general management experience with companies including GEC Alsthom, Bunzl/Filtrona and in private equity. He has operated from bases in the UK, USA and Canada.
Colin joined SWP as a consultant on the 1st October 2006 and initially spent 18 months restructuring, modernising and developing the DRC Polymer and Crescent of Cambridge businesses before assuming control over these operations as Managing Director and also the newly acquired Ulva brand based in Telford, Shropshire. More recently he has developed a cohesive international plan for the globalisation of Ulva's oil, gas and petrochemical business throughout Asia, Europe, United States and South America. We anticipate Colin will continue to make a substantial contribution to the Group's organic growth and increased profitability.
Further information on Colin Stott is contained in the Appendix below.
Alan Walker, Executive Chairman of the Group, commented:
"We are particularly pleased to appoint Colin to our parent Board of Directors. He has key responsibility to focus on the rapid global development of our Ulva brand during a strong phase of international expansion within the oil, gas and petrochemical industries. His invaluable experience as a professional international business operator has and will continue to reinforce management skills across the Group and we are very fortunate to have secured his services at this pivotal time in our development".
For further information please contact:
SWP Group plc
David Pett/Alan Walker 01353 723270
Colin Andre Stott (aged 45) currently holds the following directorships and has not held any previous directorships within the last five years :
Milla Management Services Ltd
Crescent of Cambridge Limited
DRC Polymer Products Limited
Ulva Insulation Systems Ltd
Colin Stott currently has no shareholding nor options in the Company.
Other than as set out above, Mr. Stott has confirmed that there is no further information required to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.
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