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Dave Frescoln, Flint Group's Deputy Chairman to Retire End of July 2008

Published on 2008-07-02. Author : SpecialChem

LUXEMBOURG -- Flint Group has announced that Dave Frescoln, Deputy Chairman, plans to resign from the Board, and retire from the company at the end of July 2008. "After 16 years in a leading role within Flint Ink and later Flint Group this was not an easy decision," said Mr. Frescoln. "I feel passionate about the company and grateful for having been given the opportunity to lead and advise it in times when every day provided new chances to make a difference. However, feeling also a deep love for my family and knowing the qualified leaders and talents that were brought together within Flint Group with the business combinations over the recent years, I decided that the time also never had been better to change my focus and dedicate more time to my family." Mr. Frescoln joined Flint Ink Corporation in February 1992 as Chief Financial Officer, advancing to President and Chief Operating Officer later that year, and was appointed Chief Executive Officer in 2004. He was named Chief Executive Officer of Flint Group upon its formation in September 2005 and became Deputy Chairman in September 2007. During the period with Flint Ink Dave Frescoln was responsible for numerous acquisitions and business combinations, with BASF North American Graphics, Manders Premier, Companhia Quimica Industrial Brasileiro, Alper Group and Gebrüder Schmidt being the most notable. "It was Dave's vision and leadership that took Flint Ink from being a US ink producer, to becoming one of the leading players in the Global market," emphasized Flint Group's Chairman Howard Poulson. In 2005, Dave Frescoln played a significant role in the creation of Flint Group leading the integration of Flint Ink with XSYS. He continued to look for opportunities to strengthen the newly formed Group, and did so with the industry changing acquisition of Day International in 2007. Howard Poulson concluded "we greatly appreciate Dave's leadership and his contribution over the years, and wish him and his family all the best."

About Flint Group:

Flint Group is dedicated to serving the global printing and packaging industry with five specialised business units. Our associates work with a variety of customers, from local businesses to multinational companies. Headquartered in Luxembourg, Flint Group operates more than 170 facilities worldwide and employs nearly 8 300 people. Revenues were € 2.3 billion / $US 3.1 billion in 2007, positioning the company as the number one or number two supplier in every major region we serve.

Source: Flint Group

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