REG - Coral Products PLC - Directorate Change

Coral ProductsAnnouncement

06/05/2025 07:00

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RNS Number : 3801H  Coral Products PLC  06 May 2025

Coral Products Plc

 

("Coral", the "Company" or the "Group")

 

Directorate Change

 

Coral Products plc, a group of specialist businesses in design, UK manufacture
and omni-channel supply of a wide range of bespoke plastic products based in
Wythenshawe, Manchester, is pleased to announce the appointment of Ian Hillman
as Group Chief Executive Officer (CEO) with immediate effect. Ian moves into
this role from his former position as Group Chief Operating Officer (COO).

 

Ian has led the business since 25 October 2024 following the resignation of
the former CEO. Under his leadership, the Company has delivered significant
changes to re-size and restructure the business, positioning it for long-term
success and sustainable growth. The Board is confident that his appointment as
CEO reflects both the results achieved to date and the strategic vision
required to lead the business forward.

 

In addition, the Board intends to appoint Robert ("Rob") David as Group
Operations Director, subject to the completion of regulatory due diligence
procedures. Rob brings extensive experience from previous senior management
and managing director roles within the UK plastics processing industry. For
the past six months, Rob has served as a key member of Ian Hillman's senior
operational management team. During this time, he has made a substantial
contribution to the Company's operational and commercial improvements and is
regarded as an asset to the organisation.

 

Joe Grimmond, Chairman of the Board, commented:

"Ian Hillman has been leading the business since 25 October  2024. The
improvements and progress made over the last six months, including the
successful integration and early contribution of the recent Arrow Film &
Foil asset and business acquisition announced on 1 April 2025, fully support
his appointment to Group Chief Executive Officer. I am also delighted with the
contribution Rob David has made to the business and recognise his experience
and leadership as key assets for the future."

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the
European Union (Withdrawal) Act 2018 ("UK MAR"). The Directors of the Company
take responsibility for this announcement.

 

For further information, please contact:

 Enquiries:                             www.coralproducts.com   Tel:

 Coral Products plc                     Non-Executive Chairman  07703 518 148

 Joe Grimmond

 Cairn Financial Advisers LLP           NOMAD and Broker        020 7213 0880

 Sandy Jamieson / Ludovico Lazzaretti

Caution regarding forward looking statements

This announcement contains unaudited information and forward-looking
statements that are based on current expectations or beliefs, as well as
assumptions about future events. These forward-looking statements can be
identified by the fact that they do not relate only to historical or current
facts and undue reliance should not be placed on any such statement because
they speak only as at the date of this document and are subject to known and
unknown risks and uncertainties and can be affected by other factors that
could cause actual results, and Coral's plans and objectives, to differ
materially from those expressed or implied in the forward-looking statements.
Coral undertakes no obligation to revise or update any forward-looking
statement contained within this announcement, regardless of whether those
statements are affected because of new information, future events or
otherwise, save as required by law and regulations.

 

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