Mondi Limited
(Incorporated in the Republic of South
Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
Mondi plc
(Incorporated in England and
Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
As part of the dual listed company structure, Mondi Limited and
Mondi plc (together “Mondi Group”) notify both the JSE Limited and
the London Stock Exchange of matters required to be disclosed under
the Listings Requirements of the JSE Limited and/or the Disclosure
Guidance and Transparency and Listing Rules of the United Kingdom
Listing Authority.
8 March 2018
APPOINTMENT OF NON-EXECUTIVE
DIRECTOR
The Mondi Group is pleased to announce the appointment of
Stephen Young as an independent
non-executive director with effect from 1
May 2018. He will replace John
Nicholas who will be stepping down at the conclusion of the
Annual General Meetings on 16 May
2018.
John has served on the Boards, and as chairman of Mondi’s DLC
audit committee, since October
2009.
The joint chairmen, David
Williams and Fred Phaswana, commented:
“The Mondi Group Boards are delighted that Stephen will be
joining us. He brings strong financial and general management
experience to the Boards as well as an in-depth understanding of
working for an international industrial business and the listed
environment in which Mondi operates. His experience will benefit
the audit committee and the Boards as a whole.
We would also like to take this opportunity to thank John for
the significant contribution he has made to the Boards, in
particular his focus on Mondi’s financial reporting as chairman of
the DLC audit committee and the experience he brought to this role
and more recently his contribution as Senior Independent Director.
He leaves with our very best wishes for the future”.
Stephen is a member of the Chartered Institute of Management
Accountants with experience gained across a variety of sectors,
including the industrial and engineering sectors. Stephen held a
number of senior financial roles before being appointed Group
Finance Director of Meggitt plc in 2004 and then Chief Executive
Officer in 2013. Stephen stepped down from the board of Meggitt plc
on 31 December 2017. He is a
non-executive director and audit committee chair at Derwent London
plc and at Weir Group plc.
With effect from 1 May 2018,
Stephen will be a member of the DLC nominations and sustainable
development committees. In addition, with effect from the
conclusion of the Annual General Meetings on 16 May 2018, he will be appointed a member, and
replace John Nicholas as chairman,
of the DLC audit committee, subject to shareholder approval at the
Annual General Meetings.
As a result, also with effect from the conclusion of the Annual
General Meetings:
(i) Stephen Harris, an independent non-executive
director, will succeed John Nicholas
as Senior Independent Director.
(ii) Dominique Reiniche will replace Stephen Harris as chair of the DLC Sustainable
Development and Mondi Limited Social & Ethics Committees.
There are no other details that require to be disclosed in
respect of the appointment of Stephen
Young pursuant to Rule 9.6.13
of the UK Listing Rules.
Statutory and regulatory disclosures:
Statement pursuant to section 430(2B) of the UK Companies Act 2006: John Nicholas, upon retirement as a director of
Mondi Limited and Mondi plc, will receive a payment of £13,836.32
representing the normal non-executive director’s fees payable in
full to his retirement date for the period from 1 April to
16 May 2018. No other remuneration
payments or payment for loss of office have been or will be made in
connection with her retirement.
Contact details:
Mondi Group
Kerry Crandon Cooper
Senior Manager – External Communication
+44 1932 826323 / +44 7881 455806
About Mondi
Mondi is a global leader in packaging and paper, employing
around 26,000 people in over 30 countries. We are fully
integrated across the packaging and paper value chain - from
managing forests and producing pulp, paper and plastic films, to
developing and manufacturing effective industrial and consumer
packaging solutions. Sustainability is embedded in everything we
do, with clearly defined commitments across 10 action areas.
We delight our customers with our innovative and sustainable
packaging and paper solutions. Our major operations are in central
Europe, Russia, North
America and South Africa.
In 2017, Mondi had revenues of €7.1 billion and a return on capital
employed of 19.7%.
Mondi has a dual listed company structure, with a primary
listing on the JSE Limited for Mondi Limited under the ticker MND
and a premium listing on the London Stock Exchange for Mondi plc,
under the ticker MNDI. We are a FTSE 100 constituent, and have been
included in the FTSE4Good Index Series since 2008 and the JSE's
Socially Responsible Investment (SRI) Index since 2007.
Sponsor in South Africa: UBS
South Africa (Pty) Ltd