De La Rue appoints Tim Cobbold as CEO

Banknote printer De La Rue has appointed Tim Cobbold as CEO with effect from 1 January.

Cobbold has more than 20 years of international management experience in manufacturing industries.

He joins De La Rue from Chloride Group, an international provider of secure power solutions, which has recently been taken over by Emerson Electric Co.

Cobbold joined Chloride in 2007 as COO and became CEO in 2008.

Prior to this, he had been with Smiths Group since 1989 holding a wide variety of senior roles including a number of MD positions.

De La Rue said that as previously announced, Nicholas Brookes will resume his position as non-executive chairman and Colin Child will revert to his group FD role once Cobbold joins the company.

Story provided by StockMarketWire.com

13/12/2010