Last checked at 23 Mar 2015 07:00
23 March 2015
Victrex plc - Directorate change
Victrex appoints Martin Court to the Board
The Board of Victrex plc, an innovative world leader in high performance polymer solutions, is pleased to announce the appointment of Dr Martin Court as an Executive Director, effective from 1 April 2015.
Martin, who joined Victrex in February 2013, is Managing Director of Invibio, Victrex's medical business. Invibio focuses on solutions for the spinal fusion market, as well as developing solutions for the dental, trauma and knee markets. His appointment further strengthens the Board, with Victrex's other divisional managing director, Tim Cooper, Managing Director of Victrex Polymer Solutions, already an Executive Director.
Martin, aged 53, has a wealth of proven international experience in the medical and high performance polymer industry, including with Cytec Industries, and in a number of senior roles at both ICI and UCB. He is an INSEAD alumni, holds a doctorate in the field of surface chemistry and fracture mechanics and a BSc (Eng) degree in mineral technology from Imperial College of Science and Technology.
Larry Pentz, Chairman of Victrex, said: "I am delighted to welcome Martin to the Board. His appointment reflects not only a natural progression, in having both of our divisional heads on the Board, but that an important part of our future portfolio will be in high value medical markets."
David Hummel, Chief Executive of Victrex, said: "Martin has helped refine our focus on the high value growth platforms that will further develop the market for PEEK in the future, in line with our strategy and as the market leader. I look forward to Martin joining the Board and his continued contribution to Victrex."
About Victrex:
Victrex is an innovative world leader in high performance polymer solutions, focused on the strategic markets of Automotive, Aerospace, Energy, Electronics and Medical. Every day, millions of people rely on products or applications which contain our materials, from smartphones, aeroplanes and cars to oil & gas operations and medical devices. With over 35 years' experience, we are investing in technical excellence to deliver new and leading edge solutions to our customers and our markets, and to drive value for our shareholders. Find out more at www.victrexplc.com
Notes:
Upon his appointment to the Board, Martin will receive a basic salary of £257,000. He will also be eligible to participate in the Company's short and long term executive incentive programmes, as outlined in Victrex's Annual Report.
Enquiries:
Victrex plc:
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Andrew Hanson, Head of Investor Relations & Communications +44 (0) 1253 898121
Pendomer Communications:
Charlie Armitstead +44 (0) 203 603 5220