The Board of DS Smith Plc has announced that their Finance Director Steve Dryden, intends to step down from the Board to take up a role in a private equity backed business.
Mr Dryden’s 12 month notice period expires in January 2014 and in the meantime, he will continue to carry out his executive responsibilities as well as concluding the integration of SCA Packaging and ensuring a smooth transition of responsibilities to his successor, prior to leaving DS Smith.
Gareth Davies, Chairman of DS Smith said: “Steve has done an excellent job for DS Smith over the last five years. He has been instrumental in significantly re-shaping the Group in line with our strategic aim to become the leader in recycled packaging for consumer goods.”
Miles Roberts, Chief Executive of DS Smith said: “Steve has made a significant contribution to DS Smith. I have enjoyed working with him and wish him well in his new choice of career.”
Steve Dryden, Group Finance Director said: “This was a difficult decision as I am proud of DS Smith’s achievements and am confident that I leave the company in good shape and well positioned to continue to grow, having undertaken a smooth transition to my successor.”
The Board has already started the process for the selection of an appropriate candidate as successor.