(27/09/06) Appointment of Executive Director

 

The Company is pleased to announce the appointment of Richard Ruebe to the Board of GTL Resources plc as Chief Executive Officer of GTL Resources USA Inc, GTL’s USA subsidiary with immediate effect.

Richard has nearly 30 years of general business experience in the USA, laterly in the managing of multi-site manufacturing operations,. Prior to taking this position with GTL Resources plc, Richard was, between 2002 and 2006, the chief executive officer and vice president of operations of Hollinee LLC, a fibreglass and non wovens filter manufacturing company which had nine manufacturing facilities in the US and sales of $100m. As its chief executive officer, Richard successfully streamlined the manufacturing facilities, improved profitability and successfully arranged the sale of the business. Prior to this role, Richard spent seven years as vice president of operations and chief financial officer of Interlake Material Handling Inc., a company with sales of $300m. In this role, Richard managed four plants and the construction of a Greenfield facility in Mexico. Previously Richard worked for Boots Pharmaceuticals Inc, part of Boots UK global business, between 1992 and 1995 and Zenith Electronics Inc. between 1981 and 1992.

Commenting on the appointment, Chairman Peter Middleton said;

“We are delighted to welcome Richard to the GTL Group. GTL Resources has been searching for some time for the right person to be CEO of its subsidiary in the USA. I am very confident that Richard will play a substantial and significant part in the development of our Ethanol business in the USA. Richard has a strong track record and brings important new skills to GTL, particularly from his background in manufacturing.”

Commenting on the appointment, Richard said;

“I am delighted to be part of the team and look forward to contributing to GTL Resources’ overall plans to grow Ethanol manufacturing capabilities in the Midwestern United States. Being from Illinois, I know how important the ethanol industry is to our overall economy”

For further information:

Buchanan Communications 020 7466 5000
Tim Thompson/Nick Melson/Ben Romney

Notes to editors
(a) Name - Richard Ruebe
(b) Age – 49 years
(c) Current Directorships – Illinois River Energy LLC, GTL Resources USA Inc.
(d) Past Directorships – Hollinee LLC, Interlake Material Handling Inc.
(e) There are no other disclosures required under Schedule Two (g) of the AIM rules

 

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