UK, Jan 8, 2013 - The Board of DS Smith Plc (the â€œCompany or â€œDS Smithâ€) announces that Steve Dryden, Group Finance Director, has informed the Company that he intends to step down from the Board to take up a role in a private equity backed business. The Board has commenced a process for the selection of an appropriate candidate as successor.
Mr Drydenâ€™s 12 month notice period expires in January 2014. In the meantime, he will continue to carry out his executive responsibilities as well as concluding the integration of SCA Packaging and ensuring a smooth transition of responsibilities to his successor, prior to leaving DS Smith.
Gareth Davies, Chairman of DS Smith said:
"Steve has done an excellent job for DS Smith over the last five years. He has been instrumental in significantly re-shaping the Group in line with our strategic aim to become the leader in recycled packaging for consumer goods.â€
Miles Roberts, Chief Executive of DS Smith said: "Steve has made a significant contribution to DS Smith. I have enjoyed working with him and wish him well in his new choice of career.â€
Steve Dryden, Group Finance Director said:
"This was a difficult decision as I am proud of DS Smithâ€™s achievements and am confident that I leave the company in good shape and well positioned to continue to grow, having undertaken a smooth transition to my successor.â€
DS Smith Plc +44 (0)1628 583 400
Miles Roberts, Group Chief Executive
Louise Richardson, Interim Head of Investor Relations
Tulchan +44 (0)20 7353 4200
John Sunnucks, David Allchurch
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