Market: Printing & Writing Papers
November 13, 2017
Spicers Limited advises that Mr Wayne Johnston, CFO leaves the Company. This follows the recent simplification of the Company’s capital structure, including the appointment of a new Board of Directors, and a related reduction in the complexity of corporate activities, as Spicers said in the press release received by Lesprom Network.
Spicers also advises that Mr Geoff Butcher, currently Group General Manager Commercial, will be appointed CFO on an interim basis.
Mr Johnston has agreed to make himself available to assist with transitional arrangements and any other ongoing matters. He will receive a termination payment within the limits of his contractual and statutory entitlements upon exit. Following Mr Johnston’s departure, Mr Frank Glynn remains as sole Company Secretary.
Spicers is a dynamic and solutions-focused distribution business with an extensive network across Australia, New Zealand and Asia.