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RNS Number : 3239H Essentra plc 19 March 2024
19 March 2024
ESSENTRA PLC
CFO RETIREMENT
Essentra plc (the "Company") today announces that Jack Clarke has informed the
Board of his decision to retire as Chief Financial Officer ("CFO") and
Executive Director of the Company. Jack will continue in his role until a
successor is in place to ensure a smooth transfer of responsibilities and, in
line with Jack's retirement plans, the Company expects him to leave no later
than 31 March 2025. The Company has commenced a search, of both internal and
external candidates, for Jack's successor.
Jack joined the Company in April 2022 as an experienced CFO and, during his
tenure, he has completed the strategic reviews and transitional arrangements
that led to the successful sale of the Company's Packaging and Filters
businesses, and the subsequent launch of Essentra as a pure-play Components
business.
Paul Lester, Chair of the Board said "On behalf of the Board, I would like to
thank Jack for his contribution and support in driving the Company forward.
Jack's experience and knowledge have provided the continuity required by the
business and the Board and I wish Jack well for his retirement."
Scott Fawcett, CEO, said "I want to express my appreciation for Jack's counsel
since I stepped into the role of CEO. Jack has played a pivotal role in
engaging with our shareholders and provided guidance to both me and the
Company. I would like to wish him all the best for his upcoming retirement."
This announcement contains inside information.
Enquiries
Essentra plc
Emma Reid, Company Secretary
Tel: +44 (0)1908 359100
Notes to Editors
About Essentra plc
Essentra plc is a FTSE 250 company and a leading global provider of essential
components and solutions, focusing on the manufacture and distribution of
plastic injection moulded, vinyl dip moulded and metal items.
Headquartered in the United Kingdom, Essentra's global network extends to 28
countries worldwide and includes c.3,000 employees, 14 manufacturing
facilities, 24 distribution centres and 33 sales & service centres serving
c.69,000 customers with a rapid supply of low cost but essential products for
a variety of applications in industries such as equipment manufacturing,
automotive, fabrication, electronics, medical and renewable energy.
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