Devro Plc

Devro Plc

Sector: Cellulosic Manmade Fibers Region: United Kingdom

: | OTC Markets: DEVOY | London Stock Exchange: DVO | London Stock Exchange: DVO

Devro Plc manufactures collagen and plastic products for the food industry. It operates through three reportable segments: Collagen Casings, Distributed Products and Other products. The Collagen Casings segment includes the three edible collagen brands, Devro, Coria and Cutisin, and Cutisin non-edible collagen casings. The Other Products segment includes the non-reportable segments of collagen film, collagen gel, Cutisin plastic casings, and collagen for medical use. The Distributed Products segment includes cellulose and fibrous casings. Its collagen casings are used by customers in the production of sausages and other meat products. The company sells its products through a network of distributors and agents. Devro was founded in 1962 and is headquartered in Glasgow, the United Kingdom.

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Steve Hannam, Chairman
Steve was appointed Chairman of Devro in May 2009. Until 2000, he was chief Executive of global speciality chemical group BTP plc. Since that time Steve has held a number of Non-Executive Director or Chairman positions with both public and private companies, mainly in the food and chemical sectors. These have included Clariant AG, ABF plc, Aviagen International Inc. and AZ Electronic Materials Ltd. He is currently a NED at Low & Bonar plc. Steve chairs the Nomination Comittee.
Peter Page, Chief Executive
Peter has worked for 25 years in the international food and agribusiness sector, as a general manager, and as a marketing manager where he gained experience of managing the interface between technology and food manufacturers, which is relevant to Devro's situation. He joined Devro as Chief Executive in June 2007. He is Chairman of the Non-Executive Directors' Remuneration Committee.
Simon Webb, CFO
A Chartered Accountant, Simon joined Devro at the start of 2011 and took over as Finance Director in April 2011. He previously worked as Chief Financial Officer of De La Rue plc and has held senior finance positions in global manufacturing companies such as Enodis plc, Paxar Inc and BAT plc.

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