6 Jun 2014 07:01
6 June 2014
LOW & BONAR PLC
Appointment of Chief Executive Officer
Low & Bonar PLC (the "Group"), the international performance materials group, is pleased to announce the appointment of Brett Simpson as its new Group Chief Executive.
Mr Simpson will join the Company on 26 August 2014 and will replace Steve Good as Group Chief Executive with effect from 8 September 2014. As announced in February, Mr Good will retire from the Company on 30 September 2014 to pursue non-executive roles.
Mr Simpson was the Chief Executive Officer of Belgium-based LBC Tank Terminals Group from 2009 to 2014. During this period he spearheaded a significant programme of change and transformation to establish LBC as the preferred global provider of bulk liquid storage solutions. Under his stewardship, LBC group implemented a successful strategy of consolidation, investment and growth.
During his earlier career, Brett worked for 23 years with The Dow Chemical Company. Joining Dow in 1986 as a production engineer, he progressed rapidly through the organisation and during his tenure with the business, enjoyed a diverse and international career. He gained a variety of experiences in engineering, operational, commercial and business management and successfully led a number of divisions, joint ventures and M&A assignments across the globe. Throughout his career, Brett has lived and worked in the USA, China, Hong Kong and Europe.
An Australian national from Melbourne, Brett is a chemical engineering graduate from Monash University and holds an MBA from Columbia University, New York.
There is no information required to be disclosed pursuant to Listing Rule 9.6.13 R.
Martin Flower, Chairman of Low & Bonar, commented:
"We are delighted to welcome Brett Simpson to Low & Bonar. His extensive international experience in general management, marketing and commercial and production roles in the chemical and plastics sector will be of great benefit to Low & Bonar as we embark on the next stage of our development to establish ourselves as a global performance materials business.
"The Group has benefited greatly from Steve Good's leadership over the last five years and is well positioned to continue to grow profitably in the future. We shall miss him and we all wish him an enjoyable and fulfilling future."
For further information, please contact:
Low & Bonar PLC | 020 7535 3180 |
Steve Good, Group Chief Executive | |
Mike Holt, Group Finance Director | |
Instinctif | 020 7457 2020 |
Matthew Smallwood | |
Helen Tarbet |