Andrew Price has been appointed Managing Director and Chief Executive Officer of PaperlinX. Dave Allen has stepped down as the Group’s Chief Executive Officer but will remain with the Company until 31 December 2013 to assist with special projects and to work with Mr Price on transition.
Robert Kaye SC, Chairman of PaperlinX, comments, “Significant progress has been made over the last 12 months as the Company restructures its business globally in the face of a declining paper market, while simultaneously focusing on developing its diversified businesses. We would like to thank Dave for his valuable contribution to the turnaround efforts at PaperlinX over the last 12 months.
“We are pleased that Andrew has accepted the role of Managing Director and Chief Executive Officer. Since his appointment as an Executive Director in November 2012, he has been working closely with management, particularly in Europe, to accelerate the restructuring initiatives. Accordingly, the Board is confident that Andrew will be able to return PaperlinX to profitability in the shortest possible time.”
In commenting on his appointment Mr Price said “I am excited about the future of PaperlinX and look forward to building on the good work started by Dave Allen, as we move towards a sustainably profitable business in a very difficult market.”
