Directorate Change

Coral Products

06/05/2025 07:00

RNS Number : 3801H

Coral Products PLC

06 May 2025

 

Coral Products Plc

 

("Coral", the "Company" or the "Group")

 

Directorate Change

 

Coral Products plc, a group of specialist businesses in design, UK manufacture and omni-channel supply of a wide range of bespoke plastic products based in Wythenshawe, Manchester, is pleased to announce the appointment of Ian Hillman as Group Chief Executive Officer (CEO) with immediate effect. Ian moves into this role from his former position as Group Chief Operating Officer (COO).

 

Ian has led the business since 25 October 2024 following the resignation of the former CEO. Under his leadership, the Company has delivered significant changes to re-size and restructure the business, positioning it for long-term success and sustainable growth. The Board is confident that his appointment as CEO reflects both the results achieved to date and the strategic vision required to lead the business forward.

 

In addition, the Board intends to appoint Robert ("Rob") David as Group Operations Director, subject to the completion of regulatory due diligence procedures. Rob brings extensive experience from previous senior management and managing director roles within the UK plastics processing industry. For the past six months, Rob has served as a key member of Ian Hillman's senior operational management team. During this time, he has made a substantial contribution to the Company's operational and commercial improvements and is regarded as an asset to the organisation.

 

Joe Grimmond, Chairman of the Board, commented:

"Ian Hillman has been leading the business since 25 October  2024. The improvements and progress made over the last six months, including the successful integration and early contribution of the recent Arrow Film & Foil asset and business acquisition announced on 1 April 2025, fully support his appointment to Group Chief Executive Officer. I am also delighted with the contribution Rob David has made to the business and recognise his experience and leadership as key assets for the future."

 

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). The Directors of the Company take responsibility for this announcement.

 

For further information, please contact:

Enquiries:
www.coralproducts.com
Tel:
Coral Products plc
Joe Grimmond
Non-Executive Chairman
07703 518 148
Cairn Financial Advisers LLP
Sandy Jamieson / Ludovico Lazzaretti
NOMAD and Broker
020 7213 0880

Caution regarding forward looking statements

This announcement contains unaudited information and forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts and undue reliance should not be placed on any such statement because they speak only as at the date of this document and are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and Coral's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. Coral undertakes no obligation to revise or update any forward-looking statement contained within this announcement, regardless of whether those statements are affected because of new information, future events or otherwise, save as required by law and regulations.

 

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