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Rexam 'Chairman designate' in place

Wed, 01st Feb 2012 07:22

Rexam, the packaging and drink canning company, says its "Chairman designate", Stuart Chambers, will join the board today, as planned, as a non-executive director.The company announced back in November he would be taking over from Sir Peter Ellwood on February 22nd.Chambers is already a non executive director at Tesco, The Manchester Airport Group and Smiths Group.He was until 2009 Chief Executive of NSG, the Tokyo based glass company which acquired Pilkington in 2006.Shares in Rexam have gained 12% in the last 12 months.BS
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Friday tips round-up: Centrica, Rexam

In an unexpected move, Centrica's new chief, Iain Coon, decided to cut the dividend pay-out for the first time in the company's history. It was reduced by 30% to its lowest since 2009. At approximately 4.2%, and down from 6.1%, the company's dividend yield is now almost the worst in the sector. That

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