31st August 2006
BBA Group Plc
Peter Hickman To Join The Board Of Fiberweb
Richard Stillwell To Transfer To Board Of Fiberweb From BBA Board
BBA Group plc is pleased to announce the intended appointment of Peter
Hickman (43) to the Board of Fiberweb as a non-executive director
and Chairman of its Audit Committee with effect from the date of its
proposed demerger from BBA.
Peter Hickman is currently the Director, Group Finance for HBOS plc, where he is responsible for the group’s financial reporting, strategic planning and tax affairs. Prior to joining HBOS, Peter was a partner at Ernst & Young for 8 years responsible for the audit of several of the firm’s major clients. He provided technical advice on complex accounting matters and had oversight responsibilities for risk management. Peter studied Engineering at Cambridge University before training to become a chartered accountant.
BBA also announces that Richard Stillwell, currently a non-executive director of BBA, has agreed to join the Fiberweb Board as a non-executive director and Chairman of the Fiberweb Remuneration Committee with effect from the date of its proposed demerger. It is intended that Richard will resign from the BBA Board in due course.
Richard Stillwell was appointed to the BBA Board in March 1998. He is a practising barrister, a non-executive director of Penna Consulting plc and with effect from 1 September 2006 will be a non-executive director of St Ives plc. Until August 2000, Richard was Executive Vice-President Industrial Specialties at Imperial Chemical Industries plc, where he had held various posts since 1974.
Malcolm Coster, Chairman Designate of Fiberweb, commented,
"I am very pleased with the intended appointments we have announced today. I am confident that the Fiberweb Board will have the right skills and experience to help ensure Fiberweb is successful as an independent business."
Peter Hickman commented,
“I am delighted that I will be joining the Board at this exciting moment in Fiberweb’s development. I very much look forward to working with the Board and the Fiberweb management team to deliver a successful future for Fiberweb and to build value for our shareholders as an independent business.”
Richard Stillwell commented,
“I am delighted that I will be able to continue to work with the Fiberweb team after the proposed demerger as a part of its Board of Directors. The year ahead will be a very interesting and challenging year for Fiberweb and I am looking forward to contributing to its successful future. “
Enquiries:
BBA Group
Michael Harper, CEO
020 7514 3999
Fiberweb
Daniel Dayan, CEO
020 8439 8316
Brunswick Group LLP
Kate Holgate / Mark Antelme/ Katja Rennella
020 7404 5959