Accounting roles defined as Cookson demerges

COOKSON HAS OUTLINED new accounting board appointments as it looks to demerge the group.

The group is to split into two entities: a newly listed performance materials division will be known as Alent, while Cookson will rename itself to Vesuvius, consisting of its engineering ceramics arm.

David Egan will become finance director of Alent from 1 January. He is currently CFO at ESAB, a division of Colfax Corporation. He has also served as a group financial controller of Hanson, and as CFO of its Asia Pacific division. He holds an Australian accountancy qualification.

Cookson group FD Mike Butterworth will hold the reins as interim FD of Alent until Egan joins.

Jane Hinkley joins the Vesuvius board as a non-executive director on 3 December. A charterd accountant, Hinkley has held several roles in the oil, gas and shipping sectors. She is currently a non-exec at Premier Oil.

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