AIM-listed specialist paper and advanced materials group James Cropper has appointed Martin Thompson as a director of the company and as Managing Director of Technical Fibre Products, with effect from June 10th 2013.
In both roles, Thompson succeeds George Quayle, who will retire from the company and the board on July 31st 2013.
Quayle joined the company in 1992, becoming Managing Director of Technical Fibre Products in 1996 and joined the board of the company in 1998.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Thompson joined the company in 2003 as General Manager of James Cropper Converting and was appointed Managing Director of James Cropper Converting in 2007.
Since this time, the company said that James Cropper Converting had performed well by expanding its customer base, implementing capital investment programmes and delivering sustained sales and earnings growth.
Phil Wild, Chief Executive Officer of James Cropper, said: "I would like to take the opportunity to sincerely thank George Quayle for his enormous contribution over the years. As Managing Director of Technical Fibre Products he has overseen the growth of a successful advanced materials business that now boasts manufacturing facilities on both sides of the Atlantic.
He added: "I look forward to welcoming Martin Thompson to the Board of the Company and as Managing Director of Technical Fibre Products. He brings a proven track record for delivering growth, and has a strong commercial, operational & technical background together with a good appreciation of the Company's culture."
James Cropper's share price was unchanged at 245p at 11:20 on Friday.
MF
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the USMedium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.
