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Fiberweb appoints new Director & CFO
12
Feb '08
Fiberweb plc, the international nonwoven fabrics group, is pleased to announce that Daniel Abrams has been appointed a Director and Chief Financial Officer (CFO) of Fiberweb. He will replace Simon Bowles with effect from 1st February 2008.

Mr Abrams was most recently Chief Financial Officer of Cambridge Display Technology Inc until July 2006 and, prior to this role, was Finance Director of Xenova Group plc between 1997 and 2005.

He has held senior finance roles with Diageo plc and PepsiCo Inc. and has a broad range of experience of mergers and acquisitions and strategic issues across a number of different industries. He holds an MA in law from Cambridge and qualified as a chartered accountant with Arthur Andersen & Co. He has also been a member of the Financial Reporting Review Panel since January 2007.

Fiberweb Chairman, Malcolm Coster, commented: ''It is a pleasure to welcome Daniel Abrams to Fiberweb at this crucial point in our development. His experience in top-flight multinationals as well as in smaller companies is very relevant to our needs. He also brings a broad range of operational finance and public company expertise. We are all looking forward to his contribution.''

There are no other matters relating to the new director which would require disclosure under Listing Rules 9.6.13R.

Fiberweb is one of the world's largest and leading suppliers of high performance, speciality nonwoven fabrics.

Nonwoven materials developed, manufactured and marketed by Fiberweb are used in a wide variety of everyday products such as filters, industrial wipes, baby diapers, fabric softener, construction products and protective clothing to name only a few.

Fiberweb plc

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