Troubled household goods group IWP has named Alex Sorokin of retructuring specialists Kroll Talbot Hughes as its interim chief executive.
Mr Sorokin's colleague John Talbot has also been appointed to IWP's board.
IWP, which previously agreed with its principal creditor on a financial restructuring, said it would ask shareholders to approve its delisting in 2006.
It said the restructuring included the conversion of creditors' €56 million in existing debt into a 90 per cent equity holding of its enlarged share capital.
IWP reported a pretax loss of €4.8 million in the six months to the end of September.
