Johnson Matthey PLC Directorate Change (9451K)
16 April 2018 - 4:25PM
UK Regulatory
TIDMJMAT
RNS Number : 9451K
Johnson Matthey PLC
16 April 2018
Johnson Matthey Plc announces Patrick Thomas as Chairman
Designate
The Board of Directors of Johnson Matthey Plc is pleased to
announce that Patrick Thomas will succeed Tim Stevenson as
Chairman.
Patrick will join the board as Non-Executive Director and
Chairman Designate on 1st June 2018. He will be appointed as
Chairman of the board with effect from the end of the Annual
General Meeting on 26th July 2018 when Tim Stevenson retires, after
seven years as Chairman.
Patrick has deep experience in leading international speciality
chemicals businesses. He brings to Johnson Matthey an impressive
track record of driving growth through science and innovation
across global markets. Since 2015 Patrick has been Chief Executive
Officer and Chairman of the Board of Management of Covestro AG, a
world leading polymers business. Between 2007 and 2015 he was also
Chief Executive Officer of its predecessor, Bayer MaterialScience,
prior to its demerger from Bayer AG. Patrick will step down from
his role at Covestro AG at the end of May 2018.
Before joining Bayer, Patrick spent five years with the global
chemical company, Huntsman Corporation, including as President of
its Polyurethanes, Performance and Advanced Materials divisions.
Prior to this he was Chief Executive of ICI's polyurethanes
business and led its integration into Huntsman. In his earlier
career, Patrick held a number of global and regional roles in
ICI.
Patrick also has strong board experience. He is currently an
independent non-executive director of Akzo Nobel N.V., the paints,
coating and specialty chemicals group. He was previously an
independent non-executive director and member of the Audit and
Remuneration Committees of BG Group plc from December 2010 to
February 2016.
Patrick's background is in Engineering Science; he has an MA
from Oxford University, is a Fellow of the Royal Academy of
Engineering and a Fellow of the Institute of Engineering and
Technology.
Commenting on Patrick's appointment, Tim Stevenson, Chairman of
Johnson Matthey, said:
"I am thrilled that the board has chosen Patrick to succeed me
as Chairman. Patrick brings a valuable combination of extensive
board experience and recent executive leadership of major global
organisations. I am confident that he will successfully steer
Johnson Matthey to deliver continued value for our shareholders as
we pursue our vision to make the world a cleaner and healthier
place."
Robert MacLeod, Chief Executive of Johnson Matthey, added:
"I am delighted to welcome Patrick as the future Chairman of
Johnson Matthey and look forward to working with him as we deliver
our growth strategy."
Commenting on his appointment, Patrick Thomas said:
"I am really excited to be joining Johnson Matthey, a company
with a strong reputation for science and a great team of people. I
am looking forward to joining the board as we continue to evolve
and grow, creating value for our shareholders and for the world
around us."
Disclosures required pursuant to Rule 9.6.13 of the Listing
Rules of the Financial Conduct Authority (including directorships
held in other publicly quoted companies at any time in the previous
five years):
Patrick was appointed as a non-executive director and member of
the supervisory board of Akzo Nobel N.V. in November 2017, a
company listed on the stock exchange of Euronext Amsterdam.
Since August 2015, Patrick has been Chief Executive Officer and
Chairman of the Board of Management of Covestro AG, a company
listed on the Frankfurt Stock Exchange.
From December 2010 to February 2016, Patrick was a non-executive
director of BG Group Plc, a company listed on the London Stock
Exchange.
Other than as stated in this announcement, there are no other
disclosures required pursuant to Rule 9.6.13 of the Listing Rules
of the Financial Conduct Authority.
Enquiries:
Analysts and investors:
Martin Dunwoodie +44 (0)20 7269 8241
Simon McGough +44 (0)20 7269 8235
Katharine Burrow +44 (0)20 7269 8444
Media:
Sally Jones +44 (0)20 7269 8407
This information is provided by RNS
The company news service from the London Stock Exchange
END
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