Business
Strategic Update and Directorate Change
Strategic Update and Directorate Change.
About this update from Essentra Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6509T\n Essentra plc\n 26 November 2021\n \n \n \n \n \n \n \n ESSENTRA PLC\n \n \n STRATEGIC UPDATE AND DIRECTORATE CHANGE\n \n \n \n \n \n Further to the announcement of 26th October outlining the strategic goal to become a pure play components business, the Essentra Board has decided to commence a strategic review of the Packaging division. This review will run in parallel with the previously announced strategic review of Filters, which is progressing as planned. The Board remains focused on maximising shareholder value and it is anticipated that both reviews are likely to conclude in Q2 2022 at the earliest. \n \n \n Lily Liu, Chief Financial Officer (\"CFO\") has informed the Board she will be leaving the Company to take up a new role at Synthomer plc. Lily will remain in her role until 30 June 2022 with key responsibilities associated with driving the strategy to become a pure play Components business and working with the Board on the strategic reviews of Filters and Packaging. The Board's intention is to appoint a CFO for the Essentra Components business in due course, underlining the future strategic direction of the Company. \n \n \n Paul Lester, Chairman, said: \"On behalf of the Board I would like to thank Lily for her contribution to Essentra over the past three years. She has played an important role in helping the team deliver on the Group's strategy and growth objectives. We wish her well for the future and look forward to securing a CFO for the Essentra Components business over the coming months\". \n \n \n Lily Liu, CFO, said: \"I have thoroughly enjoyed my time at Essentra but there is still a lot to do in the business before I leave in June 2022. I will continue to work closely with Paul Forman and the rest of the team as we lead Essentra through its transformation and focus on the strategic reviews of the Filters and Packaging businesses\".\n \n \n This announcement contains inside information.\n \n \n Enquiries\n \n \n \n \n \n \n \n \n Essentra plc\n \n \n Lucy Yank, Group Communications Director\n \n \n Tel: +44 (0)7741 577 586\n \n \n \n \n \n \n \n Tulchan Communications LLP\n \n \n Olivia Peters\n \n \n Martin Robinson\n \n \n Tel: +44 (0)20 7353 4200\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Notes to Editors\n \n \n Abo...