21 January, 2008
Devro plc, the world's leading manufacturer of collagen products for the food industry, today announces the appointment of Peter Williams as Finance Director, with effect from 1 May, 2008.
In September 2007, Devro announced that John Neilson, the current Finance Director, intended to retire. John Neilson will leave the company on 1 May, 2008, following the AGM.
Peter Williams, 55, is currently CFO of Cermaq ASA, the Oslo listed industrial aquaculture feed manufacturer and salmon farming company, with turnover of in excess of US$1bn. Over his career he has also held a number of senior finance positions in the international textile industry, including at Pringle of Scotland, where he was Finance Director, and at Courtaulds Textiles plc. He qualified as a Chartered Accountant whilst working at Coopers & Lybrand in Edinburgh and has a degree in Economics from Aberdeen University. He is also a Fellow of the Association of Corporate Treasurers.
Commenting on this announcement, Pat Barrett, Chairman of Devro plc, said:
"Peter Williams brings to Devro a wealth of directly relevant experience, built upon a career in financial management within the international process industry and in particular over the last ten years at Cermaq. Peter has a track record of achievement throughout his professional life, including in publicly quoted companies, and we firmly believe his skill set will complement those of the senior management team."
There are no details that are required to be disclosed under paragraph 9.6.13 (2)-(6) of the Listing Rules of the UK Listing Authority.