Essentra appoints Lily Liu as new chief financial officer

Essentra has appointed of Lily Liu as chief financial officer with effect from 15 November, succeeding Stefan Schellinger who is due to retire on that date.

Liu has nearly 20 years of experience in the manufacturing and engineering sectors, most recently as CFO of FTSE-listed inkjet technology developer and manufacturer of industrial inkjet printheads, Xaar, before which she was CFO at Smiths Group’s detection business.

She began her career with a Chinese investment firm before emigrating to Australia to complete an MBA, and has worked across Asia, Europe and Australia.

Chief executive Paul Forman said: "Lily will be a huge asset to Essentra's team and I am delighted she has decided to join us as chief financial officer. She brings a proven track record of international experience in our sectors which, together with her strong people focus, are a good match for us as we continue to restore Essentra to sustainable, profitable growth.

"I would also like to take this opportunity to thank Stefan for his immense contribution and commitment to the company, and to wish him every success in the future."

At 0930 BST, the shares were up 0.7% to 470p.