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[April 2005]
Board Changes at Cookson Group
Cookson Group has announced two Board changes.
Dennis Millard, Group Finance Director, has informed the Board of his intention to step down from the Board and leave the company during the course of 2005. Mr Millard has been in post since 1996. The process of recruiting a successor has commenced and Mr Millard has agreed to continue his role until such time as an appointment has been made and an appropriate transition effected.
Dennis Millard said: "My time as Cookson's Finance Director has been hugely fulfilling. However, after more than nine years, and with the recent strategic review and refinancing complete, I feel that this is the right time to move on. After taking a complete break for a period, I intend to seek new business challenges.
"I am confident that the recently announced strategy is the best way forward for Cookson, and my colleagues will have my full support during my remaining months with the Company, and indeed thereafter."
Secondly, Ken Atkinson, non-executive Director who joined the Board in April 2003, has decided to step down from the Board with effect from 15 April 2005 in order to devote more time to his other commitments. He was recently appointed as a non-executive Director of Standard Life Assurance Company and is also a non-executive Director of Marconi Corporation PLC and Coca-Cola HBC S.A.
Mr Atkinson will be succeeded as Senior Independent Director by John Sussens with immediate effect. Mr Sussens joined the Board of Cookson in May 2004.
The Board is in the process of recruiting an additional non-executive Director, who in due course will succeed Ken Atkinson as Chairman of the Audit Committee.
ENDS