Essentra appoints Paul Lester to its Board of Directors as Chairman-designate

– UK, Milton Keynes – Essentra plc (LSE:ESNT) today announces that, following more than ten years of service, Jeff Harris will retire as Chairman following the Company’s 2015 Annual General Meeting in April 2016.

The Board is pleased to announce the appointment of Paul Lester, CBE, as Chairman Designate with immediate effect, who will work closely with Jeff over the coming months to ensure a smooth transition of his responsibilities. Paul is currently Chairman of the FTSE 250 company John Laing Infrastructure Fund, Greenergy – the second largest private company in the UK – and Knight Square Holdings. Between 2002 – 2010, Paul was Chief Executive of the support services company VT Group plc, prior to which he held a variety of increasingly senior operational and strategic roles at a number of publicly-listed companies.

Commenting on today’s announcement, Colin Day, Chief Executive, said: “On behalf of the Board, I would like to thank Jeff for his dedication and significant commitment to the development of Essentra during his tenure. As Chairman since the Company was established in 2005, he has been unstinting in his support and guidance, and his stewardship and wise counsel will be greatly missed.

I am very pleased that Paul has accepted the role of Chairman Designate, and would like to welcome him to Essentra. Paul’s outstanding track record underscores the breadth of experience he brings to the Company, and I – and the entire Board – look forward to working with him as Essentra continues to pursue its Drive for 2020 strategic objectives.”

Paul Lester added: “I am delighted to be joining Essentra, and look forward to working with my fellow Board members to contribute to the continued successful development of the Company.”

Essentra plc is a FTSE 250 company and a leading global provider of essential components and solutions. Essentra focuses on the light manufacture and distribution of high volume, enabling components which serve customers in a wide variety of end-markets and geographies.

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