Synthomer PLC Appointment of Deputy Chair and Chair-elect (9553H)
30 March 2020 - 5:00PM
UK Regulatory
TIDMSYNT
RNS Number : 9553H
Synthomer PLC
30 March 2020
Synthomer plc
30(th) March 2020
Synthomer plc ('Synthomer')
Caroline Johnstone appointed Deputy Chair and Chair-elect of
Synthomer
The Board of Directors ('the Board') of Synthomer ('the
Company') announces today that Neil Johnson will step down as
Chairman of the Company by the end of the year. Neil has served as
Chairman for eight years since his appointment to the Board in
September 2011 as a non-executive director. At the 2020 AGM Neil
will seek re-election as a Director in order to serve as Chairman
until the end of the year.
Following an external and internal process, the Board is pleased
to announce that Caroline Johnstone will be appointed Chair upon
Neil's departure. She will take up the position of Deputy Chair
with immediate effect. Caroline joined the Board of Synthomer as a
non-executive director in 2015 and is currently Chair of the Audit
Committee and a member of the Nomination and Remuneration
Committees.
Caroline has nearly 40 years' experience of working with large
global organisations on turnaround, culture change, delivering
value from mergers and acquisitions and cost optimisation
programmes. She was a partner and sat on the board of the Assurance
practice of PricewaterhouseCoopers (PwC) with responsibility for
all people matters. Caroline is a chartered accountant and a member
of the Institute of Chartered Accountants of Scotland. She is a
non-executive director of Spirax Sarco Engineering plc and two
private companies and by the end of 2020 intends to have two
non-executive roles in addition to Synthomer plc.
Neil Johnson, Chairman of Synthomer, commented:
"It has been a pleasure serving on the Board of Synthomer since
2011, during which time we have made significant progress in
establishing the Company as a leading, global, differentiated
chemicals business. Despite the challenges of the current economic
environment, the recent completion of a material capital investment
programme and the benefits that will come from the acquisition of
OMNOVA give me confidence that the Company is well-placed for the
future. I am delighted that I will be succeeded as Chair by
Caroline Johnstone, who has made a significant contribution to the
Company during her time on the Board, and I look forward to
continuing to serve Synthomer until I hand over by the end of the
year.."
Enquiries:
Synthomer plc Tel: + 44 7764 859147
Calum MacLean, Chief Executive
Officer
Stephen Bennett, Chief Financial
Officer
Tim Hughes, President, Corporate
Development
Teneo Tel: + 44 7703 330269
Charles Armitstead / Matt Denham
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END
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