Vesuvius plc Non-executive Director Changes (7138V)
05 December 2019 - 3:24AM
UK Regulatory
TIDMVSVS
RNS Number : 7138V
Vesuvius plc
04 December 2019
4 December 2019
Vesuvius plc ("Vesuvius" or "the Group")
Non-executive Director Changes
Vesuvius plc, a global leader in molten metal flow engineering
and technology, announces that at the close of today's Board
meeting, Christer Gardell, Managing Partner of Cevian Capital,
Vesuvius's largest shareholder, stepped down as a non-executive
Director, following seven years of service on the Board. In his
place, providing continuity of representation of Cevian, the Board
has appointed Friederike Helfer, who is also a Partner of Cevian
Capital.
Ms Helfer joined Cevian in 2008, and from 2013 to 2017, served
on the Board of Directors and the Audit Committee of Valmet, a
Finnish Engineering company, in which Cevian was also invested.
Prior to joining Cevian, Ms Helfer worked at McKinsey &
Company. She holds degrees from Massachusetts Institute of
Technology and from Vienna University of Technology and is a CFA
charterholder.
John McDonough CBE, Chairman said:
"I am delighted that Friederike has joined the Board of
Vesuvius. She is an experienced Board member and talented
strategist with a wealth of commercial acumen, and I have no doubt
she will make a valuable contribution to the Board.
On behalf of the Directors, I would also like to thank Christer
for his support and service to the Board of Vesuvius over the past
seven years. He has brought his incisive intellect to the
deliberations of the Board, and with his Board colleagues has
overseen the establishment of Vesuvius as a strong and successful
independent public company. Vesuvius looks forward to the continued
support of Cevian."
No other disclosure obligations arise under paragraphs (1) to
(6) of LR 9.6.13 R of the UK Listing Authority's Listing Rules in
respect of Ms Helfer's appointment.
For further information, please contact:
+44 (0) 207
Vesuvius plc Patrick André, Chief Executive 822 0000
+44 (0) 207
822 0000
Guy Young, Chief Financial Officer +44 (0) 207
Henry Knowles, Company Secretary 822 0064
Media enquiries:
Andrew Jaques / Ollie Hoare / +44 (0) 203
MHP Communications Peter Lambie 128 8100
About Vesuvius plc
Vesuvius is a global leader in molten metal flow engineering and
technology principally serving the steel and foundry
industries.
We develop innovative and customised solutions, often used in
extremely demanding industrial environments, which enable our
customers to improve their manufacturing processes, enhance product
quality and reduce costs. These include flow control solutions,
advanced refractories and other consumable products and
increasingly, related technical services including data
capture.
We have a worldwide presence. We serve our customers through a
network of low-cost manufacturing plants located close to their own
facilities, and embed our industry experts within their operations,
who are all supported by our global technology centres.
Our core competitive strengths are our market and technology
leadership, strong customer relationships, well established
presence in developing markets and our global reach, all of which
facilitate the expansion of our addressable markets.
Our ultimate goal is to create value for our customers, and to
deliver sustainable, profitable growth for our shareholders giving
a superior return on their investment whilst providing each of our
employees with a safe workplace where he or she is recognised,
developed and properly rewarded.
Vesuvius plc, 165 Fleet Street, London EC4A 2AE
Registered in England and Wales No. 8217766
LEI: 213800ORZ521W585SY02
www.vesuvius.com
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END
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