Mondi
plc
Incorporated
in England and Wales
Registered
number: 6209386
LEI:
213800LOZA69QFDC9N34
LSE share
code: MNDI ISIN:
GB00BMWC6P49
JSE share
code: MNP
12 July 2024
Non-executive
director changes
Mondi
Group is pleased to announce the appointment of Sucheta Govil as an independent non-executive
director of Mondi plc with effect from 1
October 2024. Sucheta will replace Dominique Reiniche, an independent non-executive
director, who will be retiring from the Board of Mondi plc on
30 September 2024. Dominique is in
her ninth year of office having been appointed to the Board in
October 2015.
Mondi's
Chair, Philip Yea,
commented:
"I would
like to take this opportunity to thank Dominique for her
significant contribution to Mondi since her appointment in 2015.
Dominique has played an important role in her nine years on the
Board, particularly as chair of the Sustainable Development
Committee, a role she has held for more than six years, and more
recently as Senior Independent Director. She leaves with our very
best wishes for the future.
We are
delighted that Sucheta will be joining the Board. She has extensive
commercial and operational leadership experience having held senior
positions across a range of sectors. Her experience operating in
multinational industrial businesses will add to the Board's
knowledge and insight and we look forward to her joining
us."
Sucheta
started her career with GlaxoSmithKline plc, spending 17 years
there in various management roles, before moving to PepsiCo Inc in
2003. In 2011, she was appointed Global Head of Marketing,
Decorative Paints at Akzo Nobel NV, a role she held until 2015. In
2015, Sucheta became Chief Marketing Officer of DSM NV, before
moving in 2019 to her current role of Chief Commercial Officer at
Covestro AG, one of the world's leading manufacturers of
high-quality polymer materials and their components. Sucheta was
previously a non-executive director of Eurocell plc between 2018
and 2022. She has a degree in Economics with Mathematics from
Delhi University and an MBA from
the Indian Institute of Management, Calcutta.
Sucheta
will be a member of the Nominations and Remuneration Committees
with effect from the date of her appointment.
As a
result of Dominique's retirement, the following changes will also
take effect from 1 October
2024:
(i)
Sue Clark, an independent non-executive director, will
become Senior Independent Director and chair of the Remuneration
Committee.
(ii)
Dame
Angela Strank, an independent
non-executive director, will become chair of the Sustainable
Development Committee.
(iii)
Anke Groth, an independent non-executive director, will
become the non-executive director responsible for engaging with
employees on behalf of the Board.
There are
no other details that require disclosure in respect of Sucheta's
appointment pursuant to Rule 9.6.13
of the UK Listing Rules.
Pursuant
to section 430(2B) of the UK
Companies Act 2006, we advise that Dominique will receive payment
of her normal fees for the period to 30
September 2024. No other remuneration payments or payment
for loss of office have been or will be made in connection with her
retirement from the Board.
Enquiries
Investors/analysts
Fiona Lawrence +44
742 587 8683
Group Head
of Investor Relations
Media
Chris Gurney +44
799 004 3764
Head of
Corporate Communication
About
Mondi
Mondi is a
global leader in packaging and paper, contributing to a better
world by producing products that are sustainable by design. We
employ 22,000 people in more than 30 countries and operate an
integrated business with expertise spanning the entire value chain,
enabling us to offer our customers a broad range of innovative
solutions for consumer and industrial end-use applications.
Sustainability is at the centre of our strategy, with our ambitious
commitments to 2030 focused on circular driven solutions, created
by empowered people, taking action on climate.
In 2023,
Mondi had revenues of €7.3 billion and underlying EBITDA of €1.2
billion. Mondi has a premium listing on the London Stock Exchange
(MNDI), where the Group is a FTSE100 constituent, and also has a
secondary listing on the JSE Limited (MNP).
mondigroup.com
Sponsor
in South
Africa: Merrill Lynch South Africa Proprietary Limited t/a
BofA Securities.
