MNDI Mondi Plc

 
TIDMMNDI 
 
Mondi plc 
 
Incorporated in England and Wales 
 
Registered number: 6209386 
 
LEI: 213800LOZA69QFDC9N34 
 
LSE share code: MNDI           ISIN: GB00B1CRLC47 
 
JSE share code: MNP 
 
26 May 2020 
 
Mike Powell to be appointed Mondi Group Chief Financial Officer 
 
Mondi plc ("Mondi" or "the Group") announces that Mike Powell will be appointed 
as Group Chief Financial Officer ("CFO") and as an executive director of Mondi 
plc. The effective date of Mike's appointment will be announced in due course. 
Mike succeeds Andrew King who was appointed as Mondi's Group Chief Executive 
Officer ("CEO") in April 2020. Mike's appointment follows a thorough 
recruitment process involving internal and external candidates. 
 
Andrew King, CEO, commented: 
 
"We are delighted that Mike will be joining the Mondi team. He has significant 
financial and strategic experience having been chief financial officer and an 
executive director of a number of large international listed companies, most 
recently Ferguson plc.  We are confident that Mike's clear operational focus, 
strong leadership experience and knowledge of operating in large industrial 
groups across a variety of geographies will be instrumental in driving forward 
Mondi's strategy." 
 
Mike Powell commented: 
 
"I am excited to be joining Mondi as CFO and look forward to working with 
Andrew, the Board and Mondi colleagues to continue to develop and grow the 
business, delivering Mondi's strategy and helping to ensure its long-term 
sustainable future." 
 
Mike has a Bachelor of Science in Computer Science & Accounting from the 
University of Manchester and is an associate of the Chartered Institute of 
Management Accountants. Mike started his career at Pilkington plc, spending 15 
years in a variety of finance and operational roles. He went on to become Chief 
Financial Officer at Nippon Sheet Glass and then AZ Electronic Materials plc. 
He was subsequently appointed Group Finance Director at BBA Aviation plc before 
taking up his current role as Group Chief Financial Officer at Ferguson plc. 
Mike was also a non-executive director of Low & Bonar plc from December 2016 to 
May 2020. 
 
Mike will be appointed to Mondi's Executive Committee with effect from his 
appointment to Mondi's Board. 
 
There are no other details that require to be disclosed in respect of this 
appointment pursuant to Rule 9.6.13 of the UK Listing Rules. 
 
Enquiries: 
 
Investors/analysts: 
Clara Valera 
Mondi Group Head of Strategy and Investor Relations 
+44 193 282 6357 
 
Media: 
Kerry Cooper 
Mondi Group Head of External Communication 
+44 193 282 6323 
 
Richard Mountain (FTI Consulting) 
+44 790 968 4466 
 
About Mondi 
 
Mondi is a global leader in packaging and paper, delighting its customers and 
consumers with innovative packaging and paper solutions that are sustainable by 
design. Our business is 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. In 2019, Mondi had 
revenues of EUR7.27 billion and underlying EBITDA of EUR1.66 billion. 
 
Mondi has a premium listing on the London Stock Exchange (MNDI), and a 
secondary listing on the JSE Limited (MNP). Mondi is a FTSE 100 constituent, 
and has been included in the FTSE4Good Index Series since 2008 and the FTSE/JSE 
Responsible Investment Index Series since 2007. 
 
Sponsor in South Africa: UBS South Africa Proprietary Limited. 
 
 
 
END 
 

(END) Dow Jones Newswires

May 26, 2020 02:00 ET (06:00 GMT)

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