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    ASCO confirms appointment of new CEO and Chief Financial Officer

    News // June 6, 2003
    ASCO has announced the appointment of its new Chief Executive Officer (CEO) and Chief Financial Officer (CFO).

    Mr Tony Powell commenced his appointment as Chief Executive Officer onMonday 19th May 2003.

    Powell was previously the CEO of PII Group Ltd, the Pipeline Integrity Management business that was successfully sold to General Electric in 2002. Prior to this, he served three years as Managing Director of John Crane Mechanical Seals and 28 years withthe Schlumberger Group of companies.

    Mr Bill Graham assumed the role of Chief Financial Officer for ASCO plc on21 April 2003.

    Graham previously worked with Powell as CFO of PII Group Ltd.

    Prior to PII he was Finance Director of Rolls Royce Industrial Power Grouphaving previously held senior financial roles in a number of industrieswhich included telecommunications, semiconductors, brewing and textiles.

    Keith Mair, Chairman of ASCO said: "We are delighted that Tony and Billhave taken up these vital roles. Both have an excellent track record and awealth of international management experience from having grown a successfulglobal business."

    Tony Powell, Chief Executive said: "I look forward to joining the ASCO teamand intend to help grow the business into a global world class enterprise.We are committed to working very closely with our customers to provideexcellence of service backed up with the highest level of commitment tosafety and the environment."

    Chris Lloyd, who was acting Chief Executive, returns to his role as ManagingDirector of ASCO's European operations.

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