REG-Mondi Plc: Directorate Change

MondiAnnouncement

12/07/2024 10:30

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.

 



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