NPX
28/10/2014 11:33
OFFICE
REL: 1133 HRS Nuplex Industries Limited
OFFICE: NPX: Retirement of CFO
NZX/ASX release 28 October 2014
RETIREMENT OF IAN DAVIS AS CFO AND APPOINTMENT OF CLIVE CUTHELL
Nuplex Industries today announced that Ian Davis, Chief Financial Officer,
has announced his intention to retire at the end of December 2014. The Board
of Nuplex Industries announced that the Company has appointed Clive Cuthell
as its new Chief Financial Officer.
Mr Emery Severin, Nuplex's CEO commented, 'On behalf of the Board and the
management team, I would like to thank Ian for his dedication and significant
contribution through what has been a transformational period for the Company
over the past six years. Since his appointment in early 2009, Ian has been
instrumental in strengthening the Balance Sheet and been part of the team
that set Nuplex on its current strategy to strengthen and grow to improve and
increase returns to shareholders. I wish Ian well in his retirement."
Mr Cuthell joins Nuplex from Holcim Australia, where he has been Chief
Financial Officer for the past 5 years overseeing a wide range of
sub-functions. Clive is a qualified chartered accountant with over twenty
years' experience.
'I am pleased to welcome Clive to Nuplex as we embark on the next phase of
Nuplex's journey as a dedicated global resins business. His strong finance
background, combined with his depth of experience in driving operational
improvement programs particularly in the areas of supply chain and IT will
provide additional depth and capability to our management team," said Mr
Severin.
Mr Cuthell will commence his role on 8 December 2014.
For further information, please contact:
Josie Ashton, Investor Relations ? +612 8036 0906 ? [email protected]
End CA:00256889 For:NPX Type:OFFICE Time:2014-10-28 11:33:58
