Talaris Announces Appointment of Chairman

Talaris, the global cash management solutions experts based in Basingstoke, have announced the appointment of a Chairman, Paul Heiden, most recently Chief Executive of international engineering group, FKI plc. The Chairman role is a new position at the Company.

Mr Heiden, 52, who is a Chartered Accountant, has extensive experience from senior finance and management positions at Mercury Communications, Hanson Plc and Rolls-Royce plc, being appointed to the Board in 1997, as Director of Industrial Business and subsequently as Finance Director. He was a Non-Executive Director of Bunzl plc from 1998 to 2005 and of Filtrona plc from 2005 to 2006. He is currently a Non-Executive Director of United Utilities Group plc, chairing the audit and treasury committees.

Talaris was formed as a result of the sale of the majority of the De La Rue Cash Systems business, via a Management led buy-out supported by private equity group, Carlyle. The business commenced operations on September 1st 2008 and has continued to demonstrate its leadership as a dedicated expert in the cash management marketplace over the past 9 months.

In an interview Talaris CEO, Tracey Graham welcomed Mr Heiden to the Board: “We are delighted to have Paul joining us in the role of Chairman – an appointment that is welcomed by the whole of our management team. Paul’s deep experience across finance, engineering and manufacturing for example, are an ideal fit for our business profile and we look forward to working closely with him, and benefiting from the contributions he will bring.”

Mr Heiden further commented on the appointment: “It is a genuine pleasure to be joining the Talaris Board at such an interesting and dynamic period of the company’s development. Working with this proven management team combined with the outstanding technology and heritage that Talaris brings, positions the business for growth in both traditional and new markets – even in challenging times.”

Talaris further advised that it is continuing to see progress in its business and will shortly be announcing new products as a result of continued innovation and investment in research and development