Business

Stanelco is restructuring its business in preparation for the long-awaited roll-out of its Greenseal technology.

After 18 months as COO, former Sainsbury packaging executive Terry Robins is standing down. Robins is one of 10 departures, although the only one at board level.

Meanwhile, the firm has hired an interim sales director and an interim project director as it gears up for the UK and US launches of Greenseal.

According to Stanelco's CEO Martin Wagner, the changes mark a change of emphasis for the company. "We are moving out of R&D and into commercialisation," he said.

Stanelco has also extended its exclusivity deal with Asda until the end of this year. The original deal was signed last May, however, during that period, further R&D was required as Asda requested the addition of a print station.

Wagner also confirmed that Stanelco is in talks with Asda's US owners Wal-Mart.

Robins will continue to work with Stanelco, but in a consultancy role.