14167 Wed, 04/02/2008 - 12:34pm
NEW YORK–Peter Cameron, who has served as chief executive officer of Waterford Wedgwood for two and a half years and is a director of the company, has stepped down from his position to “pursue his own business interests,” according to a statement from the company. David Sculley, currently a director of Waterford Wedgwood plc and a non-executive chairman of both Josiah Wedgwood & Sons Ltd. and Royal Doulton, Ltd, will become interim chief executive officer until a permanent appointment has been made.
“Peter Cameron has provided great service to this group, as chief executive since September 2005, before that as chief operating officer and, originally, as chief executive officer of our former group subsidiary, All-Clad.” said Sir Anthony O’Reilly, Waterford Wedgwood chairman. “These have been demanding years in which Peter has led a very substantial rationalization of the business and has championed a number of marketing initiatives which will bear fruit in the years ahead. He has won our admiration for his determined leadership, and our lasting friendship. We wish him well.”
Sculley has been a group director since 1997, and “knows Waterford Wedgwood inside and out,” added O’Reilly.
”During my association with Waterford Wedgwood, we have done much to lay the foundation for a return to profitability,” Cameron said. “I have enjoyed my years with the group, and in particular my association with many fine people, with the chairman and with my fellow directors. I wish the group well going forward and I know that with the appointment of David Sculley as interim chief executive officer, the group’s leadership is in capable hands.”