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RHI Magnesita N.V. - Directorate Change

Tue 28th July, 2020 9:41am
RNS Number : 3291U
RHI Magnesita N.V.
28 July 2020
 

RHI Magnesita N.V.

 

("RHI Magnesita" or the "Company")

 

 

DIRECTORATE CHANGE

 

RHI Magnesita N.V. (LSE: RHIM), the leading global supplier of refractory products, systems and solutions, today announces that James Leng, Deputy Chairman and Senior Independent Director, informed the Company that he will step down from the Board with effect from 30 September 2020.

The Board has nominated John Ramsay, Independent Non-Executive Director and Chairman of the Audit & Compliance Committee, as Deputy Chairman and Senior Independent Director with effect from 1 October 2020. John has been with the Company since listing in 2017, he has had a distinguished executive career with Syngenta AG and is currently on the Boards of Koninklijke DSM N.V. (Supervisory Board Member), G4S plc (Non-Executive Director, Chair of Audit), and Croda plc (Non-Executive Director, Chair of Audit).

Herbert Cordt, Chairman, said: "Jim has been with RHI Magnesita since the listing of the Company in 2017. He has been a fundamental part of the establishment of the Company, and we have benefited significantly from his extensive experience and counsel. He has supported the Board with energy and passion on our governance journey from listing to date. We thank him for his dedication and service in his three years on the Board and wish him all the very best for the future."

Jim Leng said: "I have been pleased to serve RHI Magnesita and the Board as Deputy Chairman and Senior Independent Director since its flotation in 2017. It has been stimulating and I look forward to seeing the Company go from strength to strength."

No further information is required to be disclosed under 9.6.11 of the UK Listing Rules.

 

Further information:

Investors: Guy Marks, Head of Investor Relations                             +44 7932 013357

                                                                                                                     guy.marks@rhimagnesita.com

 

Press: Matt Denham, Teneo                                                                   + 44 7825 735596

 

 

About RHI Magnesita

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for industrial high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with around 13,000 employees in 35 main production sites and more than 70 sales offices. RHI Magnesita intends to leverage its global leadership in terms of revenue, scale, product portfolio and diversified geographic presence to target strategically those countries and regions benefitting from more dynamic economic growth prospects.

Its shares have a premium listing on the London Stock Exchange (symbol: RHIM) and are a constituent of the FTSE 250 index. For more information please visit: www.rhimagnesita.com


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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