By
Reuters
Reuters
Published
Sep 3, 2009
Sep 3, 2009
Low & Bonar names Steve Good group CEO
By
Reuters
Reuters
Published
Sep 3, 2009
Sep 3, 2009
Sept 3 (Reuters) - Specialist materials group Low & Bonar Plc (LWB.L) said on Thursday 3 September it appointed Steve Good as group chief executive with immediate effect after the resignation of Paul Forman, who is leaving the company to become CEO of Coats Plc.
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Low & Bonar -- a supplier of yarn, fabric and fibre to end markets like civil engineering, transport, sport and leisure -- also said it had maintained the encouraging improvement in sales patterns seen in the period up to July 13.
"Due to the normal seasonal patterns within the business the board continue to expect second half profit to be materially improved compared to the first half," the company said.
Shares of the company closed at 37 pence on Wednesday 2 September on the London Stock Exchange. (Reporting by Ramkumar in Bangalore; Editing by Aradhana Aravindan)
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