CAPE PLC News Release
2 July 2015
Cape announces Non-Executive Director changes
Cape plc announces the appointment of Steve Good as a non-executive director and chairman of the Remuneration Committee with effect from 6 July 2015.
Steve is based in the UK and joins Cape with extensive international experience in the specialty chemicals and plastics industries. He is currently non-executive director on the boards of Elementis plc, Zotefoams plc and Anglian Water Services Limited. Steve spent ten years with Low & Bonar plc initially as Divisional Managing Director of Plastics before leading the Group's M&A activity and then going on to head the Technical Textiles division before his final role as Chief Executive - a role he held from 2009 to 2014 when he retired from full time executive roles. Prior to Low & Bonar, Steve had a long career with BTP plc (now part of Clariant) in a variety of leadership positions managing international specialty chemical businesses. Steve is a Chartered Accountant.
In accordance with the UK Listing Rules, the Company confirms that there are no further details that are required to be disclosed under paragraph LR 9.6.13 R of the UK Listing Rules in respect of Steve Good.
Leslie Van de Walle has decided to step down from Board of Cape in order to reduce his current level of travel commitments, this is effective from 26 August 2015.
Tim Eggar, Chairman of Cape plc commented:
I am delighted to welcome Steve to the Cape board and believe that his extensive commercial experience in the chemical and plastics industries will complement the current board. The current Cape Board all look forward to working with Steve.
On behalf of the Board I would also like to thank Leslie for his contribution to the Board, and to the nomination, audit and remuneration committees, and we wish him every success in the future.
About Cape:
Cape (www.capeplc.com), which is premium listed on the main market of the London Stock Exchange, is an international leader in the provision of critical industrial services principally to the energy and natural resources sectors. Our multi-disciplinary service offering includes access systems, insulation, specialist coatings, passive fire protection, refractory linings, environmental services, oil and gas storage tanks and heat exchanger replacement and refurbishment. Cape employs over 17,000 people working across 21 countries and in 2014 reported adjusted revenue of £698.3 million.
For further information about Cape, please visit our websitewww.capeplc.com
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Joe Oatley, Chief Executive +44 (0) 1895 459 979
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