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Sprue Aegis unveils new finance director
Home safety product developer Sprue Aegis announced on Friday that Mike Stilwell has been appointed as group finance director, effective 3 December 2018.
The AIM traded company said that, while Stilwell serves his six months' notice at his current employer, finance director of Sprue Safety Products Zoe Fox will run Sprue Aegis' finance function.
Neil Smith, group chief executive of Sprue Aegis, said: "We are delighted to have recruited Mike and look forward to him joining us and his contribution to the group."
Stilwell is the current finance director of Synectics plc, a role he was appointed to in 2015 after having joined the company three years earlier, and previously held finance roles with the Saint-Gobain Group, Coventry Building Society and Caparo Group.
Meanwhile, the company's executive chairman Graham Whitworth is to step down from his role once a replacement has been found, but will continue as a non-executive director.
"It's been a privilege to have served as chairman of the company since 2001, during which period the company has grown substantially and undergone significant changes to become a market leader in its field. I feel that it is appropriate for the company to enter the next phase of its development with a new chairman in place," said Whitworth.
To find a replacement for Whitworth the company has created a nominations committee comprised of its non-executive directors.
As of 1128 BST, Sprue Aegis' shares were up 5.48% at 77.00p.