Filtrona's Managing Director of product division resigns

Plastic and fibre group Filtrona announced Monday the resignation of its Managing Director of the Coated and Security Products division.

Plastic and fibre group Filtrona announced Monday the resignation of its Managing Director of the Coated and Security Products division.

Tony Edwards will step down to pursue opportunities outside the company. He will remain with the group until end of June and his successor will be announced in coming months.

Colin Day, Chief Executive, said: "On behalf of the board and the group management committee, I would like to thank Tony for his dedication and commitment to Filtrona during his 23 year career with the company, of which 10 was as managing director of the Coated and Security Products division.

"He has played an important role in the delivery of Vision 2015 to date, and in the re-focusing of the division on packaging solutions and authentication and identity solutions so as to leverage our capabilities better. We wish him every success in his future endeavours."

Vision 2015 seeks to deliver profitable growth in existing and future markets and technologies. The objective is to gain revenue increases and double-digit adjusted earnings per share rises at constant exchange.

The FTSE 250 company said it was on track to delivering its targeted balanced growth in 2012 and continues to make progress towards the company's strategy Vision 2015.

The company is looking at value-adding acquisitions to facilitate its objectives.

Shares fell 0.80% to 555.50p at 10:53 Monday.

RD

Recommended

Aviva: a share for income investors to tuck away
Share tips

Aviva: a share for income investors to tuck away

Insurance giant Aviva is one of the highest yielding stocks in the FTSE 100 – and it’s cheap, too, making it a tempting target for income investors. R…
18 May 2022
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves looks at the FTSE 100’s top yielding stocks for income investors to consider.
18 May 2022
Three fast-growing, undervalued UK mid-cap stocks to buy now
Share tips

Three fast-growing, undervalued UK mid-cap stocks to buy now

Professional investor Katen Patel of the JPMorgan Mid Cap Investment Trust picks three fast-growing UK mid-cap stocks to buy now.
18 May 2022
Should you buy Vodafone shares, or steer clear?
Share tips

Should you buy Vodafone shares, or steer clear?

Vodafone grew revenue by 4% and profit by 11% last year, and offers investors a 6.4% dividend yield. So should you buy Vodafone shares? Rupert Hargrea…
17 May 2022

Most Popular

Get set for another debt binge as real interest rates fall
UK Economy

Get set for another debt binge as real interest rates fall

Despite the fuss about rising interest rates, they’re falling in real terms. That will blow up a wild bubble, says Matthew Lynn.
15 May 2022
Is the oil market heading for a supply glut?
Oil

Is the oil market heading for a supply glut?

Many people assume that the high oil price is here to stay – and could well go higher. But we’ve been here before, says Max King. History suggests tha…
16 May 2022
Value is starting to emerge in the markets
Investment strategy

Value is starting to emerge in the markets

If you are looking for long-term value in the markets, some is beginning to emerge, says Merryn Somerset Webb. Indeed, you may soon be able to buy tra…
16 May 2022