Cookson Group plc (London, UK) has announced that Raymond Sharpe, chief executive officer of the electronics division, has resigned his position, effective immediately, and will leave the company to take up a position in the private equity sector. Sharpe will join Texas Pacific Group, the equipty firm that recently agreed to buy Isola Laminate Systems.

According to The Financial Times, Sharpe is being brought in to run Isola. On May 12, Isola terminated its CEO, Michael Kowalski, and CFO, Dr. Peter Gaydoul.

Sharpe has agreed with the Board of Cookson to continue to assist the company as required for a short period.

Group chief executive Stephen Howard will assume direct responsibility for the electronics division.

Howard said, "Ray Sharpe has been a valued member of Cookson's executive team for many years and we are sorry to see him go. However, the electronics division benefits from a vastly experienced and highly motivated management team. As announced at the group's meeting on May 14, the strong recovery seen in the electronics division has continued into the second quarter and we are fully confident in our ability to continue to drive that recovery forward."

Cookson Group is a materials technology company that provides materials, processes and services to customers worldwide. The group's operations are formed into three divisions—electronics, ceramics and precious metals. The electronics division is a  manufacturer and supplier of materials and services to the electronics industry, primarily serving fabricators and assemblers of printed circuit boards, assemblers of semiconductor packaging and the electrical and industrial markets.

www.cookson.co.uk

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