1 Sep 2014 07:00
RM2 International S.A.
Appointment of CFO
RM2 International S.A. ("RM2" or the "Company"), the vertically-integrated innovator in pallet development, manufacture, supply and management, is pleased to announce the appointment of Jean-François Pierre (Jeff) Blouvac (41) as Chief Financial Officer of the Company with immediate effect and as a Board Member with effect from 18 September 2014.
Mr Blouvac will succeed Ash Mohindra, who has served as Chief Financial Officer of the Company since 2008 and recently signalled to the board his wish to step down after assisting the Company through its successful IPO in January of this year.
Since 1996, Mr Blouvac has worked for L'Oreal Group, one of the world's leading fast moving consumer goods companies, holding a number of senior finance and management roles and most recently serving as Chief Financial Officer of L'Oreal Suisse, responsible for all Swiss market operations and overseeing a turnover of €250m. He has a Masters degree in Business Administration from the Business School of Dijon and is fluent in French and English.
Ian Molson, Non-Executive Chairman of RM2, commented:
"I am delighted to welcome Jeff as RM2's Chief Financial Officer. He brings a wealth of knowledge to the role and has a significant understanding of our key target markets through his experience with a world-leading international business such as L'Oreal. I am particularly pleased that the Company has attracted a candidate of such an exceptional calibre and I look forward to working with Jeff as RM2 delivers on its strategy."
"The Board would also like to take this opportunity to thank Ash for his significant contribution and dedication to the Company through the years of product development, evolution of strategy and, more recently, through our successful IPO."
For further information:
RM2 International S.A. | +44 (0)20 8820 1412 | |
John Walsh, Chief Executive Officer Ruari McGirr, Strategic Development and Investor Relations | ||
Cenkos Securities plc | +44 (0)20 7397 8900 | |
Neil McDonald Alan Stewart Beth McKiernan | ||
RBC Capital Markets | +44 (0)20 7653 4000 | |
Stephen Foss Pierre Schreuder | ||
Citigate Dewe Rogerson | +44 (0)20 7638 9571 | |
Simon Rigby Kevin Smith | ||
Other Information
In relation to the appointment of M Blouvac to the Board of Directors, RM2 confirms that there is no further information to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Notes to Editors
RM2 International S.A. specialises in pallet development, manufacture, supply and management to establish a leading presence in global pallet supply and improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets. It is quoted on the AIM market of the London Stock Exchange under the symbol RM2.L.
For further information, please visit www.rm2.com