Change of Directorate and Trading Update
6 December 2007
Fiberweb plc announces that Simon Bowles will leave his position as Chief Financial Officer. He will continue in his role with the company until a successor is in place.
Simon made a significant contribution to the demerger of Fiberweb from BBA plc in 2006 and to the restructuring of the business. The company has started a search process for a new CFO who will join Fiberweb's management team as it focuses on the delivery of performance improvements.
Fiberweb also announces that it expects full-year performance for 2007 to be in-line with its expectations.
In challenging markets, the restructuring and investment initiatives undertaken by Fiberweb this year, in addition to the growth from some important new products, are expected to deliver progress in 2008.