30th June 2006
BBA Group Plc
SIMON BOWLES APPOINTED CHIEF FINANCIAL OFFICER OF FIBERWEB
BBA Group Plc is pleased to announce that Simon Bowles (48) has been
appointed as Chief Financial Officer of Fiberweb, effective from 1st
July 2006. This follows the appointment of Malcolm Coster as non-executive
Chairman of Fiberweb announced earlier this week. These appointments
mark the progress being made towards the planned demerger of Fiberweb
in the last quarter of 2006.
Simon was previously Deputy Group Finance Director at RAC plc, having been Acting Group Finance Director in 2003, where he built the finance team that helped grow RAC’s value significantly.
Simon also held senior financial roles within BOC Group Plc, as Finance Director of BOC Edwards and BOC Distribution Services. During his time at BOC Group Plc, Simon successfully prepared the equipment business ahead of its potential separation and re-shaped the regional finance functions into a global unit. From his time at BOC Group Plc Simon gained valuable experience of working within a leading capital-intensive process industry, serving many large customers.
Simon began his career at Arthur Andersen & Co where he trained as an accountant.
BBA Fiberweb CEO, Daniel Dayan, commented:
“I am very pleased to welcome Simon Bowles to Fiberweb as Chief Financial Officer. Simon’s experience of leading finance functions in substantial UK-listed companies, as well as his proven ability at times of significant change will be invaluable to Fiberweb as it works towards demerger.
This week’s announcements of the appointments of Fiberweb’s non executive Chairman and Chief Financial Officer mark important steps in the planned demerger of Fiberweb later this year.”
Simon Bowles, commented:
“I am delighted to be taking on the role of Chief Financial Officer of Fiberweb and look forward to working with both the BBA board and the Fiberweb management team as we work towards a successful demerger and establishment of Fiberweb as an independent business.”
Enquiries:
BBA Group
Daniel Dayan – CEO
020 8439 8310
Brunswick Group LLP
Mike Smith / Kate Holgate / Lucie Anne Brailsford
020 7404 5959