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[May 2004]
Cookson Group Chief Executive to Relinquish Role
Cookson Group PLC announced on 5 May 2004 that Stephen Howard intends to relinquish the role as Group Chief Executive, after the identification and appointment of a successor. This process has commenced and the Board envisages an appointment being made during 2004, so Mr Howard is expected to leave on or before 31 December 2004.
Stephen Howard has been a Director of Cookson since 1992 and Group Chief Executive since 1997. During the seven years of his tenure at the head, Cookson has been fundamentally reshaped into a highly focused group centred around electronics and ceramics, with the Precious Metals division the subject of an ongoing strategic review, as announced on 15 March 2004.
Chairman Bob Beeston said: "The Board of Cookson is very grateful for Stephen Howard's contribution to, and leadership of, the Company over many years. After three years of very difficult trading conditions, Cookson is now firmly on the recovery path, is in a sound financial position and is therefore very well positioned to prosper under his successor. The Company will continue to enjoy Stephen's leadership whilst we identify a suitable candidate to take over from him".
ENDS