| Plant Health Care names new FD |
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| Tuesday, 01 April 2008 | |
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Plant Health Care plc, a leading provider of natural products for plants and soil, has appointed Stephen Weaver as finance director.
The Plant Health Care Group (LSE:PHC) provides natural alternatives to synthetic chemical products for plants and soil. The group’s products are aimed at the horticulture, agriculture, turf grass, commercial landscaping, forestry and land reclamation industries. Plant Health Care claims that they both environmentally beneficial and on the whole more cost effective than synthetic chemical alternatives. Established in 1995 in Pittsburgh in the United States, the company currently has operations in the US, Mexico, UK and the Netherlands with technical support in Austria. Results for the year ended 31 December 2007, released on 31 March 2008, show turnover up 34 per cent to $18.3 million, compared to $13.7 million in 2006. Gross profit was up 37 per cent to $8.4 million, from $6.1 million in 2006. The group’s net loss widened to $5.4 million, from £3 million in 2006. Plant Health Care signed its first two major partnership deals, with Bayer CropScience and Monsanto, in 2007. Related links |
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As the economy hits the most significant downward cycle in 50 years, finance directors must take stock of their companies' remuneration and compensation packages.