Directorate Change
26/03/2009
Charter International plc is pleased to announce the following changes to the composition and functions of the Board:
Manfred Wennemer
Manfred Wennemer (61) has been appointed as a Non-Executive Director with effect from 26 March 2009. Until recently, he was Chief Executive of Continental AG, the international manufacturer of tyres and equipment for the automotive and transport industry headquartered in Hanover, Germany, a position held for seven years. Prior to this he worked for the Freudenberg Group for 14 years, latterly as Chief Executive of the Nonwovens Group, and then went on to become Chief Executive of Benecke-Kaliko AG, a subsidiary of Continental AG.
There are no matters to be disclosed pursuant to Rule 9.6.13 of the Listing Rules.
The Hon. James Bruce
After serving on the Board for over seven years, during which he has provided strong support to the Company, James Bruce (60) has decided not to seek re-election at the Company's annual general meeting on 29 April 2009.
James Deeley
James Deeley (45) joined the Board as Legal Director and Company Secretary in July 2006. He relinquished the role of Company Secretary on 22 October 2008 at the time that the Scheme of Arrangement establishing the Company as the ultimate holding company of the Group became effective. With effect from 26 March 2009, he will assume the position of Commercial Director on the Board and will have an important role in the Company's business development, taking a broader role in key operational projects and in the development of the Company's strategic direction, including acquisitions, divestments and joint ventures.
John Douglas
John Douglas (51) became Company Secretary on 11 February 2009 following the resignation of Nick Giles and is based at the Company's head office in Dublin, Ireland.
Lars Emilson, Chairman of Charter International plc said:
"I would like to thank James Bruce for his wise counsel and support over the last seven years during which he has helped to steer the Company to the strong position in which it finds itself today.
I am delighted that Manfred Wennemer has accepted our invitation to join the Board and believe that his wide experience of international business will enable him to make a valuable contribution to the Board and the future direction of the Company. He has led a distinguished international career having lived and worked in Germany, the United States and South Africa.
James Deeley has been our Legal Director for almost three years and his role has grown and evolved to the point where he is well prepared to assume the role of Commercial Director on the Board with the additional responsibilities that this role will involve.
These changes position the Company for the challenges ahead and will ensure that we have the correct skills on the Board to drive business performance going forward."
Contact
Andrew Fenwick; Nina Coad, Brunswick +44 (0) 20 7404 5959
John Douglas, Company Secretary +353 (0) 1 669 4650
Internet users will be able to view this announcement, together with other information about Charter International plc at the company's web site www.charter.ie