REG - Mpac Group PLC - CEO succession

MPACAnnouncement

22/03/2023 07:15

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RNS Number : 7768T  Mpac Group PLC  22 March 2023

 
22 March 2023

AIM: MPAC

 

 

Mpac Group plc

(''Mpac'', "Company" or "Group")

 

CEO Succession

 

 

Mpac Group plc, a global leader in high-speed packaging and automation
solutions, is pleased to announce that Adam Holland, Chief Operating Officer,
will succeed Tony Steels as the Group's Chief Executive. Tony has informed the
Board of his intention to retire from the Group having led Mpac as CEO for
more than six years.

 

Adam joined Mpac in November 2022 from JCB where he has held various senior
executive positions, initially as General Manager at JCB Service before taking
over as Managing Director at JCB Power Products Ltd, responsible for the
production sites in the UK, India and global distribution.  Most recently
Adam led a programme to drive a structural reduction in product cost across
JCB Group in the role of Commercial Director, Group Purchasing.  Adam is a
Chartered Engineer and Physicist.

There will now be an orderly handover period and it is has been agreed that
Tony will formally step down from the Board and leave the Company at the AGM
on 17 May.

 

Andrew Kitchingman, Chairman of Mpac, commented:

 

"We would like to thank Tony for his very significant contribution to the
Group since becoming CEO in 2016. Tony has transformed the Mpac business and
leaves the Group in very strong position with substantial growth
opportunities. I would also like to thank Tony for his involvement in his
succession planning to ensure a smooth handover to Adam as his successor."

 

Tony Steels, outgoing CEO of Mpac, commented:

 

"Since joining Mpac as CEO back in 2016, I have been part of a team that has
made tremendous progress across the business as we continue delivering on our
One Mpac proposition. I am privileged to have led the business during this
exciting period with the support and commitment of my colleagues across the
Group, all of whom I thank sincerely. Mpac is extremely well positioned for
the next stage of its development, and I am confident in the long-term
prospects of the Group."

 

 

 

 

 

For further information, please contact:

 Mpac Group plc                                  Tel: +44(0)24 7642 1100

 Tony Steels, Chief Executive

 Will Wilkins, Group Finance Director
 Shore Capital (Nominated Adviser & Broker)      Tel: +44(0)20 7408 4050

 Advisory

 Patrick Castle

 Iain Sexton

 Broking

 Henry Willcocks

 Hudson Sandler                                  Tel: +44(0)20 7796 4133

 Nick Lyon

 Nick Moore

 

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