Zotefoams Plc Regulatory News (ZTF)

13 Oct 2006 07:00

Zotefoams PLC13 October 2006 13 October 2006 Zotefoams plc ("Zotefoams" or the "Company") Directorate Change Zotefoams, the world's leading manufacturer of cross-linked polyolefin blockfoam, announces that Bill Fairservice, the Company's Chairman, is retiring fromthe Board of Zotefoams with effect from 31 December 2006. Bill led the MBO ofZotefoams Limited from BP Chemicals in 1992 and subsequently became ManagingDirector of the Company. He was appointed Chairman in 1999. Bill will be replaced as Chairman by Nigel Howard, who joined the Board inJanuary of this year. Nigel spent over 36 years with Morgan Crucible, thespecialist engineering company that develops and supplies a broad range ofproducts made from carbon and ceramic materials. Nigel held a number of rolesincluding Interim Chief Executive and was a board member for 13 years, retiringin December 2003. He is also a Non-executive Director of Alliance OneInternational Inc which is listed on the New York Stock Exchange. The Company intends to recruit a further independent Non-executive Director. David Stirling, Managing Director of Zotefoams, said: "Bill has been hugely influential in shaping the development of Zotefoams and Iwould like to thank him for his contribution to the business over the years. Atthis time of opportunity and change for Zotefoams I believe Nigel's experience,particularly in growing businesses in the specialty materials industry, willbenefit us enormously." Enquiries: Zotefoams 0208-664-1600David Stirling, Managing DirectorClifford Hurst, Finance Director Financial Dynamics Limited 0207-831-3113Ben Brewerton Notes to Editors: Zotefoams is the world's leading manufacturer of cross-linked block foams. Itsproducts are used in a wide range of markets including sports and leisure,packaging, transport, healthcare, building, marine and the military. Through a unique production process, the Company produces foams that havecontrolled properties and are of a strength, consistency, quality and puritysuperior to foams produced by other methods. Zotefoams strategy is to create sustained profit growth by expanding its salesinternationally and by broadening its potential market by developing new, uniqueproducts. This strategy is supported by our commitment to quality, innovationand customer service through investment in the training and development of ouremployees. This information is provided by RNS The company news service from the London Stock Exchange