Consort Medical appoints new CFO

Consort Medical, a global provider of manufacturing solutions for drugs, announced that it has appointed Paul Hayes as group Finance Director of the Vitec Group.

Hayes is taking over the position of chief financial officer from Richard Cotton as well joining the board as executive director on 1 May 2017.

Cotton will leave the company after the half year results in December and until Hayes joins, David Tilston will step in as interim CFO.

Hayes is an experienced finance director in multi-national high technology manufacturing, consumer goods and retail businesses. During his five year tenure at the Vitec group he has built a strong track record in operational management, delivering profitable growth and leading commercial, well-controlled finance functions.

Chairman Dr Peter Fellner said:"We look forward to welcoming Paul to Consort Medical. His strong track record in driving sustainable profitable growth in high technology manufacturing businesses will be a great asset to the Company as we continue to reinforce our position as a leading provider of drug delivery solutions."

"I am delighted to be joining Consort Medical and help build on its leading position as a global contract development and manufacturing organisation. I look forward to working with the Executive team and the Board as the Company continues to deliver strong organic growth from its robust and innovative product and pipeline portfolios," said Hayes.

The share price rose 0.37% to 1,098p at 1135 GMT on Friday.