REG - Cropper(James) PLC - Directorate Changes

James CropperAnnouncement

22/07/2024 09:45

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RNS Number : 2809X  Cropper(James) PLC  22 July 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.

 

 

22 July 2024

 

 

James Cropper plc

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

 

Directorate Changes

 

James Cropper plc (AIM: CRPR), the Advanced Materials and Paper &
Packaging group, announces that Jon Yeung will be appointed as an independent
Non-Executive Director and join the Board following conclusion of the
Company's AGM expected to take place in September 2024 ("AGM").

 

Jon is a chartered accountant and brings significant experience in creating
shareholder value through long-term business transformation and growth. During
11 years at LGC Science Group - a global life sciences group serving a variety
of end markets globally - Jon held various leadership roles, including Group
Finance Director and COO/Managing Director of the £400m Standards division,
during which the business saw significant growth.  Prior to this Jon spent 16
years at PricewaterhouseCoopers LLP working extensively with listed businesses
across audit and transaction projects including financing and M&A.  Jon
is currently a Non-Executive Director and Audit Committee Chair at private
equity owned Fera Science.  He also serves as an advisory Board member for
Charterpath, a not-for-profit organisation which seeks to connect individuals
with finance skills with charities.

 

Upon joining the Board, Jon will be appointed as Audit Committee Chair and
will serve as a member of the Remuneration and Nomination Committees.

 

The Board also announces that Jim Sharp will stand down as a Non-Executive
Director and from the Board upon conclusion of the Company's forthcoming AGM
after 15 years' service.

 

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

 

Mark Cropper, Non-Executive Chair, commented:

 

"On behalf of the Board, I am delighted to welcome Jon to James Cropper.
Jon's depth of finance, leadership and business growth experience will be
hugely beneficial to the Board as we seek breakout growth in the coming years,
and I look forward to working with him.

 

"I would also like to thank Jim for his unwavering support and commitment to
James Cropper over the last 15 years.  Jim has made a very significant
contribution during his tenure, and he steps down from the Board with our
sincerest gratitude."

 

 

-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:

 

Save for the information set out herein, 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 Jonathan Mark Yeung (aged
51).

 

Current Directorships and Partnerships

Cricket Dorset Limited

Fera Science Limited

Hazel II Topco Limited

LGC Science and Standards (India) Private Limited

 

Past Directorships and Partnerships

9123725 Canada Inc.

Innovaspeak Limited

M.B.H. Analytical Limited

Paragon Scientific Limited

Techno-Path Manufacturing Limited

 

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.

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