Litho Supplies has appointed Bernard Clark as non-executive director in response to shareholders demands.
Clark is a chartered accountant who was formerly investment manager at Lloyds Bank Group pension schemes and a director of Lloyds Merchant Bank.
"The appointment of a fully independent non-executive director is something shareholders have been pressing for," said joint managing director Gerry Mulvaney. "Bernard comes very highly recommended he is well regarded in the City."
On the back of the announcement, the firms share price had risen from 85.5p to 93.5p as PrintWeek went to press.
Litho Supplies is also looking for a new chairman to replace John Byford, who is due to step down later this year. The group has already spoken to a number of possible candidates.
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Unencumbered assets that weren't on the Reflections books, I believe.
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