LONDON - James Cropper plc (AIM: CRPR), a leader in Advanced Materials and Paper & Packaging (NYSE:PKG), has announced a forthcoming change in its executive leadership. Steve Adams, the current CEO, will retire in early 2025. Succeeding him will be David Stirling, who previously held the CEO position at Zotefoams plc for 24 years.
David Stirling is set to join James Cropper as CEO Designate in January 2025 and will take over the CEO role after a brief transition period. Stirling's extensive experience in the materials sector, including his tenure at Zotefoams where he oversaw significant growth and international expansion, positions him well for steering James Cropper through its next growth phase.
The appointment follows a thorough selection process conducted by the company's Nomination Committee. Stirling's background as a chartered accountant, along with his experience in the industry, is expected to bring valuable leadership, strategic insight, and technical knowledge to the company.
Mark Cropper, Non-Executive Chair of James Cropper, expressed confidence in Stirling's ability to drive growth and innovation, leveraging the company's diverse product offerings and global market presence. He also extended thanks to Steve Adams for his contributions during his tenure, which included guiding the company through challenging times and setting the stage for its evolution into an advanced materials business.
Stirling himself has shared his enthusiasm for joining James Cropper, emphasizing his commitment to delivering value across the company's portfolio. Adams, reflecting on his time at James Cropper, expressed his satisfaction with the company's progress and his confidence in Stirling's leadership for the future.
Further details regarding the exact timing of Stirling's appointment to the Board will be announced in due course. This leadership transition is a significant event for James Cropper as the company continues to navigate the Advanced Materials and Paper & Packaging industries.
This news is based on a press release statement from James Cropper plc.
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