REG - Synthomer PLC - Change of Chief Financial Officer

SynthomerAnnouncement

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RNS Number : 4844C  Synthomer PLC  30 April 2026

Synthomer plc

Directorate change

Change of Chief Financial Officer

Synthomer plc ('Synthomer' or the 'Group') today announces that Lily Liu has
informed the Board of her intention to step down from her role as Chief
Financial Officer (CFO) and Executive Director of the Group, in order to take
up the position of Executive Vice President and Chief Financial Officer at
Umicore SA, the global advanced materials and recycling group headquartered in
Brussels, Belgium.

 

The Board also announces today that Iain Torrens has joined the Group and will
take up the roles of CFO and Executive Director of Synthomer from 15 May 2026
on an interim basis. The Board will consider both internal and external
options for the Group's longer-term CFO arrangements.

 

Iain brings over three decades of senior leadership and finance experience
across listed companies. His most recent executive positions were at John Wood
Group plc, where he was appointed as interim CFO in February 2025 then as CEO
from October 2025 until completion of the acquisition by Sidara Limited. He
was previously an Executive Director and Group CFO at several UK public
companies, including TalkTalk Group plc and ICAP plc, and was Chairman and
Non-Executive Director of Praxis Group Ltd until October 2024. Iain has a
strong track record in corporate finance, strategic transformation, corporate
governance and board stewardship, and is a Fellow of Chartered Accountants
Ireland.

 

Lily will leave Synthomer at the end of May after a short handover period.

 

Commenting, Synthomer CEO Michael Willome said:

"I have very much enjoyed working with Lily since she joined Synthomer in
2022. She has made a significant contribution to Synthomer, particularly in
helping to steer the business through a very challenging period for the
chemicals sector and having strengthened both the balance sheet and the
finance function around her. On behalf of the Board, executive committee and
all colleagues, I thank Lily for her contribution and commitment and wish her
every success in the future.

 

"The Board and I were pleased to be able to bring Iain on board as Lily's
successor. He is a seasoned CFO with strong capital markets experience and I
look forward to working closely with him over what remains a critical period
for Synthomer, while we take the appropriate time to identify a permanent CFO
for the Group."

 

Commenting, Lily Liu said:

"It has been a privilege to serve as CFO of Synthomer over the past three and
a half years. I am proud of what we have accomplished and I would like to
thank the Board and the senior management team for their support in my time as
CFO. I have every confidence in the continued success of Synthomer and I wish
the team the very best for the future."

 

Iain Torrens said:

"I am pleased to join Synthomer's Board and executive management team. The
Group has significant opportunities ahead and I look forward to working with
Michael and the team to help realise them."

 

 

There is no further information that is required to be disclosed under LR
6.4.8R of the UK Listing Rules in relation to Iain's appointment.

 

Further information:

 Investors: Faisal Tabbah, Vice President Investor Relations  Tel: +44 (0) 1279 775 306
 Media: Nick Hasell, FTI Consulting                           Tel: +44 (0) 203 727 1340

 

Notes

Synthomer plc is a leading supplier of high-performance, highly specialised
polymers and ingredients that play vital roles in key sectors such as
coatings, construction, adhesives, and health and protection - growing markets
for customers who serve billions of end users worldwide. Headquartered in
London, UK and listed there since 1971, we employ c.3,800 employees across our
five innovation centres of excellence and 29 manufacturing sites across
Europe, North America, Middle East and Asia. With more than 6,000 blue-chip
customers and £1.7bn in continuing revenue in 2025, our business is built
around three divisions, serving customers in attractive end markets where
demand is driven by global megatrends including urbanisation, demographic
change, climate change and sustainability, and shifting economic power. In
Coatings & Construction Solutions, our specialist polymers enhance the
sustainability and performance of a wide range of coatings and construction
products. We serve customers in applications including architectural and
masonry coatings, mortar modification, waterproofing and flooring, fibre
bonding, and energy solutions. In Adhesive Solutions our products help our
customers bond, modify and compatibilise surfaces and components for
applications including tapes and labels, packaging, hygiene, tyres and plastic
modification, improving permeability, strength, elasticity, damping,
dispersion and grip. In Health & Protection and Performance Materials we
are a world-leading supplier of water-based polymers for medical gloves, and a
major European manufacturer of high-performance binders, foams and other
products serving customers in a range of end markets. Our purpose is creating
innovative and sustainable solutions for the benefit of customers and society.
Around 20% of our sales volumes are from new and patent protected products. At
our innovation centres of excellence in the UK, China, Germany, Malaysia and
Ohio, USA we collaborate closely with our customers to develop new products
and enhance existing ones tailored to their needs, with an increasing range of
sustainability benefits. Our 2030 decarbonisation targets have been approved
by the Science Based Targets initiative as being in line with what the latest
climate science says is necessary to meet the goals of the Paris Agreement,
and since 2021 we have held the London Stock Exchange Green Economy Mark,
which recognises green technology businesses making a significant contribution
to a more sustainable, low-carbon economy. Find us at www.synthomer.com
(http://www.synthomer.com) or search for Synthomer on LinkedIn. Legal Entity
Identifier (LEI): 213800EHT3TI1KPQQJ56.

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