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[March 2003]
Chairman Designate for Cookson
Cookson Group PLC has announced that Robert Beeston is to join the Board as a non-executive director with effect from 1 April 2003 and that he will assume the position of Chairman with effect from the close of the company's AGM on 24 April 2003.From 1992 until December 2002, Mr Beeston was CEO of FKI PLC, the £1.6 billion turnover international engineering group. During his 10-year tenure at FKI, the business was successfully restructured into four divisions, each commanding a leading position in their global markets and produced an impressive record of strong cash flow and dividend growth.
Mr Beeston is a non-executive director and Chairman of the Remuneration Committee of D S Smith PLC, the international packaging and office products group. He will succeed Sir Bryan Nicholson as Cookson's Chairman. Sir Bryan joined Cookson's Board as Chairman in 1998 and is to retire at the forthcoming AGM.
Robert Beeston said: "I am delighted to have been asked to chair Cookson's Board. It is a Company made up of well run, high quality businesses and I share the management team's belief and confidence in its future prospects.
"I also recognise and understand shareholders' desire to see these prospects better reflected in the value of their investment, and this will be at the forefront of our minds as we take the Company forward."
ENDS