LUXEMBOURG - Flint Group has announced that Dave Frescoln, Deputy Chairman, plans to resign from the Board and retire from the company at the end of July 2008. 

 “After 16 years in a leading role within Flint Ink and later Flint Group, this was not an easy decision,” said Frescoln. “I feel passionate about the company and grateful for having been given the opportunity to lead and advise it in times when every day provided new chances to make a difference. However, feeling also a deep love for my family and knowing the qualified leaders and talents that were brought together within Flint Group with the business combinations over the recent years, I decided that the time also never had been better to change my focus and dedicate more time to my family.”  

Frescoln joined Flint Ink Corp. in February 1992 as Chief Financial Officer, advancing to President and Chief Operating Officer later that year and was appointed Chief Executive Officer in 2004. He was named Chief Executive Officer of Flint Group upon its formation in September 2005 and became Deputy Chairman in September 2007.  

During the period with Flint Ink, Frescoln was responsible for numerous acquisitions and business combinations, with BASF North American Graphics, Manders Premier, Companhia Quimica Industrial Brasileiro, Alper Group and Gebrüder Schmidt being the most notable.  

“It was Dave’s vision and leadership that took Flint Ink from being a U.S. ink producer to becoming one of the leading players in the Global market,” emphasized Flint Group’s Chairman Howard Poulson. 

 In 2005, Frescoln played a significant role in the creation of Flint Group leading the integration of Flint Ink with XSYS. He continued to look for opportunities to strengthen the newly formed group and did so with the industry-changing acquisition of Day International in 2007.