11 Sep 2014 11:31
11 September 2014
Insetco plc
("Insetco" or the "Company")
Appointment of a Director
The Company is pleased to advise that Mr Ivan Couchman has been appointed as a director of the Company with immediate effect.
Ivan Melvin Couchman
Mr Couchman trained as an accountant with BOC Group plc later moving to become Finance Director of a subsidiary of Unitech plc. During a very successful period with the TNT Group, Mr Couchman made Luton Depot the most profitable in the Roadfreight Group & turned round the International Courier, Parcels & Freight Division from losses to making record profits in 1987. Mr Couchman then joined Bricom plc in 1988 as Managing Director of ANC Holdings (a major subsidiary of the Group) following a £400 million management buyout from British & Commonwealth plc. Following his successful turnaround of the business & the sale of the Bricom Group, he spent time with British Rail - Red Star Parcels as Managing Director to restructure the loss making business & prepare it for Privatisation.
More recently, Mr Couchman's roles include an MBI & turnaround of Hammond Group Holdings plc, Regional Managing Director of Granada Home Technology Group, the largest division of Granada plc, Finance Director Operations for Brakes Bros plc, Group Finance Director for McCambridge Group plc, a pan-european own-label food manufacturer and CFO Service and Logistics Division with LM Windpower Group, the largest global producer of wind turbine blades.
In addition to his performance improvement and turnaround roles, Mr Couchman has significant experience of pre and post-merger integration and private equity backed management buyouts and divestments.
Mr Couchman is a Fellow of the Institutes of Chartered Management Accountants (FCMA), Logistics (FILOG) and Transport (FCIT).
Present directorships / partnerships | Former directorships / partnerships held over past 5 years |
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White Tiger Management Limited | Lifetime Experiences Limited |
White Tiger Sports Limited |
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Making Change Limited |
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Xylos Limited |
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On 7 February 2001, the Takeover Panel issued a public censure in respect of Corporate Resolve plc following its lapsed cash offer for Focus Dynamics plc. At the time, Mr Couchman was Chairman and Chief Executive. The Takeover Panel noted several breaches of the Code and cited failings by its advisers and its directors, as they are ultimately responsible for compliance with the requirements of the Code, for failing to meet the Code's best business standards.
There are no further disclosures required pursuant to Schedule 2(g) of the AIM Rules.
For further information please visit www.insetco.com or contact:
Insetco plc |
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Gideon Israel | 0798 9992999 |
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Cairn Financial Advisers LLP |
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Jo Turner / Liam Murray | 020 7148 7900 |