Ontex appoints Paul Walsh as new Chairman

The Ontex Supervisory Board announces the nomination of Paul Walsh as the new Chairman for Ontex, who will take up the position from 1 January 2014. Adrian Bellamy will retire from the board and pursue new challenges.

Adrian Bellamy said: “I am very pleased Paul will be joining the Board and succeeding me from January next year. I am stepping down to pursue new opportunities and I’m sure that his wide expertise, his board expertise and his personal qualities will contribute greatly to the future growth and development of the group.”

“It has been an honour and a pleasure to work with the Ontex team and to be part of the continued transformation of the business. I am proud of what the team has achieved and feel strongly the business is positioned well for continued success. I would like to take this opportunity to thank all Ontex employees for their support and commitment during my tenure.”

Paul Walsh said: “I am delighted to be joining the Board of such a dynamic, innovative and growing global company. I look forward to working with the team and look forward to playing my part in helping guide Ontex to further success in the future.”

Richard Butland and Simon Henderson from Goldman Sachs and from TPG said: “We would like to thank Adrian for his significant contribution as Chairman since our acquisition of Ontex in 2010.

"His wise counsel and great experience will be missed. We also wish to welcome the new Chairman Paul Walsh, whose extensive experience in fast moving consumer goods and deep emerging market expertise will provide invaluable support to the team as the company continues to strengthen its position as market leader and grow internationally.”

About Ontex:

Ontex is Europe's retailer brand market leader in hygienic disposable products. With a focus on quality and innovation, we offer a wide range of products for baby care, feminine care and adult care. All Ontex products are produced both under our own Ontex brands and under private label.

Ontex