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[June 2004]
Cookson Group Chooses New CEO
Cookson Group PLC announced on 15 June 2004 the appointment of Nick Salmon as Group Chief Executive, with effect from 19 July 2004.
Mr Salmon has extensive corporate and commercial experience, having held leadership positions within major international organisations over many years. He has spent a major part of his career at Alstom SA and at Babcock International PLC where he was Chief Executive from 1993 to 1997.
Most recently, from 2001 until March of this year, he was Executive Vice President of Alstom SA which had at its peak revenues of 23 billion and employed 118,000 people in over 70 countries. From 1997 to 2001, Nick Salmon was Executive Vice President of ABB Alstom Power, a €10 billion revenue business with 55,000 employees, and President of Alstom's Energy Sector, a €4 billion revenue business with 25,000 employees.
Bob Beeston, Chairman of Cookson, said: "Nick Salmon brings all the attributes that we are seeking for the role of Chief Executive, and we are delighted to welcome him to Cookson. He has very extensive international experience at a corporate and strategic level, as well as on the operational front. He has good first hand experience of the Asia-Pacific region, our most important growth market, and he has established a reputation as an excellent leader of people.
"After three years of very difficult trading, Cookson is now clearly and firmly on the recovery path, and we are delighted that Nick will be leading the company in the next stage of its development.
"For the fact Cookson is now in excellent competitive shape, Stephen Howard must take considerable credit. We are very grateful to him for his significant contribution to Cookson over many years, seven of them as Group Chief Executive. On behalf of the Board, I wish him well in the future."
ENDS