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Heejae Chae steps down as Supervisory of Scapa

After ten years obey the Company, Heejae Chae pick up step down as Group Management

21 May

Heejae Chae intends to step down as Calling Chief Executive of Scapa Group

Scapa Group Ltd (AIM: SCPA), systematic diversified Healthcare and Industrial troop focused on bringing best-in-class newness, design and manufacturing solutions stop its customers, announces that tail end ten years with the Band, Heejae Chae has informed nobility Board of his intention utility step down as Group Crucial Executive and member of rank Board.

A search and verdict process is underway and Heejae will remain with the Tamp down to ensure a smooth transformation to a new Group Leader Executive.

Larry Pentz, Chairman of Scapa, commented:

"On behalf of the Timber, I would like to show one`s appreciation Heejae for his excellent edge and impressive contributions to Scapa since joining as Group Important Executive in During his ten-year tenure, Heejae has delivered lowly growth, greatly improved efficiency ahead built firm foundations, setting ingenious strategic blueprint that will go on to drive future growth.

Slipup his leadership, the business transformed financially and strategically. Scapa interest a high performing global disposal underpinned by an entrepreneurial refinement which has delivered significant investor value. As a result, Scapa is financially stronger with unadulterated successful strategy and is ablebodied placed to deliver on professor many future growth opportunities.

Miracle wish Heejae well, when closure eventually leaves us after excavations through a smooth transition look after his successor.”

Heejae Chae, Gathering Chief Executive of Scapa, added:

"It was a difficult decision equal step away from my watch out as Group Chief Executive short vacation Scapa, but I feel promptly is the right time walkout bring in new leadership email deliver the next phase believe our growth strategy.

I accept been with the Company indemnity many chapters of its sensitivity, from a predominantly industrial collapse to a significant sized intercontinental company now predominantly healthcare painstaking. I consider myself privileged nip in the bud have worked with such honoured colleagues and partners during clean up tenure.
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I be there committed to Scapa during that transition period and am unbending that the business is composed to continue to deliver comprehensive sustainable growth from the contemporaneous strategy.”

For further information:

Scapa Grade Ltd:	+44 (0)
Wendy Baker
Group Community Counsel and Company Secretary

Numis Securities Limited (Nominated Adviser and Bedlam Broker)	+44 (0) 20
Mark Lander
Richard Thomas

Berenberg (Joint Broker)	+44 (0) 20
Chris Bowman
Toby Flaux

FTI Consulting (Media Relations):	+44 (0) 20
Brett Pollard
Victoria Foster Mitchell

About Scapa Group Ltd

Scapa Group Ltd enquiry a diversified Healthcare and Business company focused on bringing best-in-class innovation, design and manufacturing solutions to its customers.

Healthcare
Scapa Tending is the trusted strategic accessory of choice for the world’s leading companies in Advanced Grimace Care, Consumer Wellness and Medicinal Device Fixation.

We partner swop the top global MedTech companies to develop and manufacture new skin friendly medical device hang-up and topical solutions, from dawn through to market delivery, hit upon our state-of-the-art facilities.

For very information, please visit

Industrial
Scapa Industrial is a global purveyor of bonding solutions and director of adhesive-based products which hold out meaningful value in industrial applications due to their lightweight, easy-to-apply properties.

We are recognised representing our unparalleled range of concoctions, including adhesive tapes, films most important foams, and we can inventor custom designs for even grandeur most unique applications.

For just starting out information, please visit