Low & Bonar PLC, the specialist materials group, is pleased to announce that Folkert Blaisse and Martin Flower have been appointed as Non-Executive Directors with effect from 1 January 2007. Chris Davies will retire from the Board with effect from 31 December 2006.
Folkert Blaisse, aged 61, was Chairman of Colbond between 2004 and 2006 until the business was acquired by Low & Bonar in July 2006.
He has significant expertise in the speciality materials market and is currently a Director of Acordis BV, Chairman of Diolen BV and Chairman of Corsadi BV.
Folkert was previously Chief Executive Officer of Acordis from 1999 until 2006 and has held several senior roles at Akzo Nobel as from 1971, culminating in his appointment in 1998 as executive board member of Akzo Nobel NV. In 1999 Akzo Nobel divested Accordis.
Martin Flower, aged 60, is currently Chairman of Croda International Plc, Chairman of Alpha Airports Group plc and is a Non-Executive Director of Morgan Crucible Company Plc.
Previously he was Chief Executive of Coats plc between 2001 and 2003, a company in which he spent his entire executive career having joined in 1968. He held a variety of senior positions at Coats including a number of overseas posts.
Commenting on the appointments, Duncan Clegg, Chairman of Low & Bonar said:
“I am immensely grateful to Chris Davies for his vital contribution to the Board during his four years as a non-executive. We wish him well in his retirement."
"I am delighted to welcome Messrs Blaisse and Flower to the Board. They both bring significant expertise in international markets and I am confident they will make significant contributions to the continued success of our business.”
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