Business
CEO appointment
CEO appointment.
About this update from Trifast Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n\n \n \nFriday, 15 September 2023\n \n \n \n \n \n \n \nTrifast plc\n(Trifast, the Company)\n \nCEO appointment\n \n \nLondon: Trifast (LSE Symbol: TRI) announces today that Iain Percival is to be appointed Chief Executive Officer and will join the Main Board with effect from 20 September 2023.\n \nIain holds a BSc (Hons) Mechanical Engineering degree and, over a 30-year career he has worked in divisional leadership positions within a number of international manufacturing businesses. An experienced industrialist Iain has also gained significant experience within transformational change environments with a key focus on cost down, supply chain productivity initiatives, effective supply chain management and manufacturing efficiencies. \n \nBetween 2017-2021 Iain was Divisional Chief Executive at Essentra Packaging, part of Essentra plc, a FTSE250 company. Within this role he led the transformation and M&A strategy which resulted in this division achieving a return to growth and becoming a successful leading player in its sector. Between 2004-2016 he spent twelve years with Rexam PLC where he held senior roles within three of its divisions before being appointed divisional CEO of the Beverage Cans business in Europe; during 2013-2016, he strategically reshaped the business focus and delivered top line growth through a mix of volume recovery and market share. Under his stewardship all these businesses delivered value to the parent company and stakeholders. Prior to this, he spent 10 years in purchasing roles with Toyota Motor Europe (1993-2003) and three years with Dowty Group plc within its fuel systems operation.\n \nFollowing Iain's appointment to CEO, Scott Mac Meekin will step down from the Board on 19 September 2023. He will however remain with the business and will be appointed Head of Strategic Transformation an...