Cosalt plc Annual report & financial statements 2008

Governance
Board of Directors
David Hobdey BSc FCA* †‡
Chairman
David joined the Board on 23 September 2002 and was
appointed as interim Chairman on 12 December 2008. He is a
Chartered Accountant with a strong background in Corporate
Finance gained from Henry Cooke Group, Hambros Bank and
latterly as a Corporate Finance Partner with Brown Butler, a
Leeds based firm of chartered accountants. David has also
worked in industry and holds a number of private company
directorships in addition to his role at Cosalt.
Mark Lejman
Chief Executive
Mark Lejman joined the Board as Chief Executive on
1 June 2008 and has a wealth of experience gained from an
international industrial career spanning more than 30 years
and in markets as diverse as Russia, China and Canada. He
was formerly at The Morgan Crucible Co PLC as a Director
and CEO of its Carbon Division where, between 2004 and
earlier this year, he was instrumental in refocusing the group
and building its presence in new growth market sectors.
From 1978 to 1998 he was at Courtaulds PLC where he held a
number of senior management positions, latterly as CEO of its
Tencel premium fibres division. In 1998, he was part of the team
that led the management buy-out of Tencel from Akzo Nobel,
which had acquired Courtaulds that year. At Acordis Group,
as Tencel became known, he was CEO of the group’s Cellulosic
Fibres division and played a key role in both the successful
growth and eventual sale of the group in 2004. Mark is
also a Non executive Director at Delta PLC and Berkshire
East NHS Trust.
Mike Reynolds BSC ACA
Group Financial Director
Mike joined Cosalt plc on 11 August 2008 as Finance Director.
Mike was formerly at CAPE plc from 1991 to 2008, latterly
as Group Finance Director, where he played a key role in their
acquisition programme. He qualified as a Chartered Accountant
with Arthur Andersen & Co in 1983.
Neil Carrick FCA
Group Company Secretary
Neil joined Cosalt Plc in 1995 as Company Secretary and was
appointed Finance Director in 1996. In August 2008 he took on
the combined roles of Group Company Secretary and Business
Development Director. Prior to this between 1989 and 1995 he
was Group Financial Controller and Company Secretary of
William Cook Plc. He qualified as a Chartered Accountant with
Price Waterhouse in 1985.
David Ross ACA*
Non executive Director
David joined the Board on 12 April 2005. A Chartered
Accountant, he was Chief Operating Officer of Carphone
Warehouse between 1990 and July 2003 with responsibility
for its activities in mainland Europe. He is the main
sponsor for Havelock Academy in Grimsby.
28 Cosalt plc Annual report & financial statements 2008
Board of Directors
John Kelly RD LLB FCA* †‡
Non executive Director
John joined the Board in 1986 and was Chairman from
August 2005 until June 2008. He is a Director within CBPE
Capital (the former private equity arm of Close Brothers Group).
His previous experience includes serving for over 20 years as a
director with investment banks, Brown Shipley and Close
Brothers, specialising in corporate finance. He also has
experience in the food industry and stockbroking and currently
is a Non executive Director of Clugston Group Limited.
Matthew Peacock LLM*
Non executive Director
Matthew joined the Board on 27 March 2007. He is the founding
partner of Hanover Investors Management LLP. He has led
investments for over sixteen years in, amongst other sectors,
manufacturing, outsourced business services, chemicals,
financial services, textiles and logistics.
Prior to this, he ran the international M&A team in London at
BZW, having started his career at Credit Suisse First Boston,
in New York. He holds an LLM from Cambridge University.
He currently is Non executive Chairman of Renold plc and
Fairpoint Group Plc and is a Non executive Director of STV
Group Plc.
Rod Powell BSc CEng FCMA* †‡
Non executive Director
Rod joined the Board on 2 July 2007. He has industrial
expertise in general management, operations and sales in
senior positions with a range of companies including Invensys,
ICL and Texas Instruments. At Invensys, Rod was chief
executive of the $3 billion controls division. He is a Non
executive Director of Hanover Investors, Renold PLC,
and Dust Networks Inc.
Yarom Ophir*
Non executive Director
Yarom joined the Board on 3 June 2008. He resides in Geneva
where he is the Managing Director of Katana SA, a document
management company, he is also a Director of Societe
lmmobiliere IMS SA and Soverino Real Estate Management SA,
both commercial real estate businesses, and on the board of
International Maritime Services SA.
Yarom served, until recently, on the board of Bank of
New York-Inter Maritime Bank, Geneva, a fully authorized
Swiss bank. Yarom’s experience also extends to diversified
investment management through his directorship of
Sovereign Holding Limited.
Yarom was schooled in Geneva and graduated with a BSc in
Business Administration from Boston University’s School of
Management in 1997. He then worked as a trainee auditor at
PwC in New York.
* Member of Audit Committee
† Member of Remuneration Committee
‡ Member of Nomination Committee