StockMarketWire.com - Mpac, the global packaging solutions group, will announce today that its chairman Phil Moorhouse is stepping down from the board and ceasing to be a director for personal reasons.

Andrew Kitchingman will be appointed as chairman with immediate effect and a process will commence to appoint a non-executive director to supplement the board.

Trading in the first quarter is ahead of last year and in line with the board's expectations.

Moorhouse said: "I have enjoyed working in the business and am pleased to say that with our new management team under the leadership of Tony Steels we have a clear growth strategy. The business is well positioned in growth markets and has significant cash resources to fund growth both organically and by acquisition where appropriate."


At 8:08am: [LON:MPAC] Mpac Group Plc share price was +2p at 226p



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