REG - Victrex PLC - CEO Succession update

VictrexAnnouncement

21/10/2025 07:30

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RNS Number : 1863E  Victrex PLC  21 October 2025

 

 

21 October 2025

Victrex plc

CEO succession update

Dr James Routh to start as CEO of Victrex on 1 January 2026

Victrex plc, an innovative world leader in high performance polymer solutions,
whose products enable environmental and societal benefit in multiple
end-markets, today announces that James Routh will join the Company as Chief
Executive Officer with effect from 1 January 2026, succeeding Jakob
Sigurdsson. He will join the Board as an Executive Director from the same
date.

Jakob Sigurdsson will continue to serve on the Victrex Board as Chief
Executive until James joins, to support an orderly transition, and then as an
Executive Director. Jakob will step down from the Board at the conclusion of
the Company's Annual General Meeting on 6 February 2026.

This announcement follows the CEO succession announcement of 8 July 2025 and
is pursuant to UK Listing Rule 6.4.7R.

 

Victrex plc:

 Andrew Hanson, Director of Investor Relations, Corporate Communications &      +44 (0) 7809 595831
 ESG
 Jakob Sigurdsson, Chief Executive                                              +44 (0) 1253 897700
 Ian Melling, Chief Financial Officer                                           +44 (0) 1253 897700

 

 

Notes:

1/ As stated in the Company's announcement of 8 July 2025, James Routh's base
salary will be £600,000. He will participate in the company's bonus and
long-term incentive arrangements in accordance with the Company's remuneration
policy. His notice period of 12 months is in line with normal Executive
director policy.  James will also be eligible to receive compensation that,
as far as practicable, will mirror the terms of remuneration forfeit in
connection with joining Victrex. Further details will be included in the FY
2025 Directors' Remuneration Report.

 

 

 

 

About Victrex:

Victrex is an innovative world leader in high performance polymer solutions,
focused on the strategic markets of Automotive, Aerospace, Energy &
Industrial, Electronics and Medical. Every day, millions of people rely on
products or applications which contain our sustainable materials, from
smartphones, aeroplanes and cars to oil & gas operations and medical
devices. With over 40 years' experience, we are moving beyond the polymer into
semi-finished and finished products which shape future performance for our
customers and our markets, enable environmental and societal benefit for our
customers and drive value for our shareholders. Find out more at
www.victrexplc.com (http://www.victrexplc.com)

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