LONDON - Walstead Group, the €490 million revenue pan-European commercial printing group, announces today it has appointed José Maria Camacho as Chief Executive Officer of Walstead Iberia, its Spanish division.

Until July this year, Mr. Camacho was Chief Executive Officer and a major shareholder in CirclePrinters, a €340 million revenue web offset and gravure printing group in Europe.

Paul Utting, Chief Executive Officer of Walstead, commented: "We are delighted that José is joining our team and I look forward to working with him. He is, without doubt, one of the most impressive figures in our industry and has extensive knowledge and experience of the Spanish and other European markets where we operate. We anticipate he will help us to continue developing our business in Spain."

José Maria Camacho, commented: "I've been really impressed by Walstead's growth and its strategy to consolidate the commercial printing sector in Europe. I'm looking forward to focussing, once again, on the Spanish market and the new, exciting opportunities that I expect Walstead will continue to generate."

Mark Scanlon, chairman of Walstead, commented: "José shares the same values and dynamism that has made Walstead the number one web offset printer in Europe. We are building what I believe is the best management team in the industry. I'm relishing the positive impact that José will have on our Spanish division and, potentially, on other parts of the group."