Management change at Flint/XSYS
Published: 8 September 2021 | No comments yet
Flint Group announces a global price increase due to continued inflation
Following the sale of its XSYS division, Flint Group has named Steve Dryden as its new CEO.
His promotion from COO to CEO follows the appointment of Antoine Fady as XSYS CEO after the division’s sale to an affiliate of Lone Star Funds, a global private equity firm.
Alongside the appointment of Mr Fady, Dagmar Schmidt has been named XSYS COO and Martin Sauer as CFO.
As a result of the divestment of XSYS, Flint Group will create two dedicated management teams, ‘with increased strategic and operational focus,’ according to Mr Dryden.
‘Flint Group becomes positioned to further invest in the structurally growing segments of paper and board, flexible packaging and labels, serviced with our conventional and digital printing consumables. This successful strategy – centred around product and service innovation – enables Flint to grow with customers that value our colour proposition by helping them to standardise and reduce their costs.’