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April 2009

DSI announces the appointment of a new Group Chief Financial Officer

Aschheim, 30 April 2009. The DSI Chairman and CEO Alan Bate today announced the appointment of Nick Moses as the new Group Chief Financial Officer (CFO).
He replaces Paul Taaffe, who has resigned for personal reasons.


Nick Moses (42) is expected to join the Group on 5 May 2009 and will be based in Aschheim and Luxembourg. He will report to Alan Bate, Group Chairman and CEO.


Until recently, Nick was the Group Chief Financial Officer of J C Bamford Excavators Ltd. This family-owned business generated GBP 2 billion in turnover in 2007 and is one of the world’s leading manufacturers of construction equipment. The company employs over 8,000 people on four continents and sells its products in 150 countries.


Prior to that, Nick was Chief Financial Officer of Metzeler Automotive Profile Systems SA. This was a CVC backed automotive manufacturer and supplier of rubber profiles used for door and window sealing systems. Nick joined Metzeler in the U.S. as Vice President of Finance, North America in 1998 and was promoted to CFO in 2003. He saw the business through to a sale in 2007.


Commenting on the appointment, Alan Bate said. “Nick brings with him a wealth of manufacturing, business and private equity experience. I am confident he will quickly become a major contributor to DSI’s success.”


Also commenting on the departure of Paul Taaffe, the Chairman took the opportunity to thank Paul Taaffe for his significant contribution to DSI. He added: “Paul introduced a steady hand to DSI following the change of ownership and drove improvement in many areas. We wish him well in his endeavors outside DSI.”

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