REG - Cropper(James) PLC - Chief Executive Officer Succession

James CropperAnnouncement

29/10/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241029:nRSc9377Ja&default-theme=true

RNS Number : 9377J  Cropper(James) PLC  29 October 2024

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT CONSTITUTES INSIDE
INFORMATION AS STIPULATED UNDER THE UK'S MARKET ABUSE REGULATION. UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, SUCH INSIDE INFORMATION IS NOW CONSIDERED TO
BE IN THE PUBLIC DOMAIN.

 

29 October 2024

 

James Cropper plc

("James Cropper", the "Company" or the "Group")

 

Chief Executive Officer Succession

 

James Cropper plc (AIM: CRPR), the Advanced Materials and Paper &
Packaging group, announces that Steve Adams has notified the Board of his
intention to retire from the Company, stepping down as Chief Executive Officer
and from the Board, in early 2025.

 

Following a rigorous search process led by the Nomination Committee the Board
is pleased to announce that David Stirling has been appointed to succeed Steve
Adams as Chief Executive Officer. David will join the business as Chief
Executive Officer Designate in January 2025 and will be appointed to the Board
as Chief Executive Officer following a short handover period.

 

David was most recently Chief Executive Officer at Zotefoams plc, a Main
Market listed pioneer in cellular materials, a position he held for 24 years.
Under his leadership, Zotefoams developed a range of technical materials to
serve a diverse global customer base and grew from a single UK site to
multiple manufacturing operations across the UK, Europe, North America and
Asia.

 

David began his career as a chartered accountant with KPMG in the UK and
PricewaterhouseCoopers in the USA and Europe before transitioning into
industry. He brings a wealth of leadership, strategic, commercial, operational
and technical experience, and is well positioned to lead the Group into its
next phase of growth and development.

 

A further announcement regarding the timing of David's appointment to the
Board will be made in due course.

 

Mark Cropper, Non-Executive Chair, commented:

 

"I am delighted to welcome David to James Cropper.  David has a proven
track-record for delivering growth in materials businesses by developing new
products and entering new markets across a variety of end-uses on an
international scale.  I am confident that his strong leadership and strategic
outlook will harness the strength and value of our products and services
across our global markets and diverse customer base.

 

"On behalf of the Board, I would also like to thank Steve for his contribution
over the last two years as Chief Executive Officer, and prior to that as
Managing Director of the Paper & Packaging business.  Steve has navigated
the business during a challenging period, and leaves James Cropper
repositioned for growth as an advanced materials business."

 

David Stirling, Incoming Chief Executive Officer, commented:

 

"I am excited to join the team at James Cropper and look forward to working
with the Board, Executive team and wider workforce to deliver value across the
business portfolio of advanced materials and paper and packaging products."

 

Steve Adams, Chief Executive Officer, commented:

 

"I have enjoyed my time at James Cropper tremendously both as Chief Executive
Officer and previously with the Paper & Packaging Division over the last
seven years. The Company has made great progress, and I am delighted to hand
over to David Stirling for its next stage of growth. I wish all those at James
Cropper the best for the future and thank them for their considerable support
during my time with the Company."

 

 

 

 

Further information in accordance Rule 17 and paragraph (g) of Schedule Two of
the AIM Rules for Companies relating to David Stirling is set out at the end
of this announcement.

 

-ENDS-

 

Enquiries:

 

James Cropper plc
Mark Cropper, Non-Executive Chair

+44(0)1539 722002

 

Shore Capital - (Nominated Adviser and Broker)

Daniel Bush, David Coaten, Henry Willcocks, Lucy Bowden

Tel: +44 (0)207 408 4090

 

Burson Buchanan - Financial PR

Chris Lane, Charles Ryland, Jamie Hooper, Verity Parker

jamescropper@buchanancomms.co.uk (mailto:jamescropper@buchanancomms.co.uk)

Tel: +44 (0) 207 466 5000

 

 

 

Regulatory Disclosures (in accordance with Rule 17 and Schedule Two paragraph
(g) of the AIM Rules for Companies)

 

Save for the information set out above and below, there are no further
disclosures to be made in accordance with Rule 17 and Schedule Two paragraph
(g) of the AIM Rules for Companies in respect of the appointment of David
Burns Stirling, aged 58. David does not hold any interest in the Company.

 

Current Directorships

Briarwell Ltd

Macfarlane Group plc (from 1 January 2025)

 

Past Directorships

Azote Asia Ltd

KZ Trading and Investment Ltd

MuCell Extrusion LLC

T-FIT Insulation Solutions India Private Limited

Zotefoams Denmark ApS

Zotefoams International Ltd

Zotefoams Operations Ltd

Zotefoams plc

Zotefoams Poland Sp.z.o.o.

Zotefoams Technology Ltd

Zotefoams T-FIT Material Technology (Kunshan) Co., Ltd

 

Notes for editors:

 

James Cropper is a market leader in Advanced Materials and Paper &
Packaging, centred around four market audiences: Energy Solutions, Composite
Solutions, Luxury Packaging and Creative Papers.

 

A purpose-led business, built upon six generations of the Cropper family,
James Cropper has a 600+ international workforce and an operational reach in
over 50 countries.

 

Established in 1845, the Group manufactures creative papers, luxury packaging
and advanced materials incorporating pioneering non-wovens and electrochemical
coatings.

 

James Cropper is a specialist provider of niche solutions tailored to a unique
customer specification, ranging from substrates and components in hydrogen
electrolysis and fuel cells to bespoke colours and textures in paper and
moulded fibre packaging designed to replace single use plastics.

 

The Group operates across multiple markets from luxury retail to renewable
energy. It is renowned globally for service, capability, pioneering and multi
award-winning commitment to the highest standards of sustainability.

 

James Cropper's goal is to be operationally net zero by 2030 and to reduce
carbon through its entire supply chain to net zero by 2050.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAQKFBQOBDDKKB