Mondi PLC Directorate Change

 
TIDMMNDI 
 
Mondi Limited 
 
(Incorporated in the Republic of South Africa) 
 
(Registration number: 1967/013038/06) 
 
JSE share code: MND ISIN: ZAE000156550 
 
Mondi plc 
 
(Incorporated in England and Wales) 
 
(Registered number: 6209386) 
 
LEI: 213800LOZA69QFDC9N34 
 
JSE share code: MNP ISIN: GB00B1CRLC47 
 
LSE share code: MNDI 
 
As part of the dual listed company structure, Mondi Limited and Mondi plc 
(together "Mondi Group") notify both the JSE Limited and the London Stock 
Exchange of matters required to be disclosed under the Listings Requirements of 
the JSE Limited and/or the Disclosure Guidance and Transparency and Listing 
Rules of the United Kingdom Listing Authority. 
 
8 March 2018 
 
APPOINTMENT OF NON-EXECUTIVE DIRECTOR 
 
The Mondi Group is pleased to announce the appointment of Stephen Young as an 
independent non-executive director with effect from 1 May 2018. He will replace 
John Nicholas who will be stepping down at the conclusion of the Annual General 
Meetings on 16 May 2018. 
 
John has served on the Boards, and as chairman of Mondi's DLC audit committee, 
since October 2009. 
 
The joint chairmen, David Williams and Fred Phaswana, commented: 
 
"The Mondi Group Boards are delighted that Stephen will be joining us. He 
brings strong financial and general management experience to the Boards as well 
as an in-depth understanding of working for an international industrial 
business and the listed environment in which Mondi operates. His experience 
will benefit the audit committee and the Boards as a whole. 
 
We would also like to take this opportunity to thank John for the significant 
contribution he has made to the Boards, in particular his focus on Mondi's 
financial reporting as chairman of the DLC audit committee and the experience 
he brought to this role and more recently his contribution as Senior 
Independent Director. He leaves with our very best wishes for the future". 
 
Stephen is a member of the Chartered Institute of Management Accountants with 
experience gained across a variety of sectors, including the industrial and 
engineering sectors. Stephen held a number of senior financial roles before 
being appointed Group Finance Director of Meggitt plc in 2004 and then Chief 
Executive Officer in 2013. Stephen stepped down from the board of Meggitt plc 
on 31 December 2017. He is a non-executive director and audit committee chair 
at Derwent London plc and at Weir Group plc. 
 
With effect from 1 May 2018, Stephen will be a member of the DLC nominations 
and sustainable development committees. In addition, with effect from the 
conclusion of the Annual General Meetings on 16 May 2018, he will be appointed 
a member, and replace John Nicholas as chairman, of the DLC audit committee, 
subject to shareholder approval at the Annual General Meetings. 
 
As a result, also with effect from the conclusion of the Annual General 
Meetings: 
 
(i)         Stephen Harris, an independent non-executive director, will succeed 
John Nicholas as Senior Independent Director. 
 
(ii)        Dominique Reiniche will replace Stephen Harris as chair of the DLC 
Sustainable Development and Mondi Limited Social & Ethics Committees. 
 
There are no other details that require to be disclosed in respect of the 
appointment of Stephen Young pursuant to Rule 9.6.13 of the UK Listing Rules. 
 
Statutory and regulatory disclosures: 
 
Statement pursuant to section 430(2B) of the UK Companies Act 2006: John 
Nicholas, upon retirement as a director of Mondi Limited and Mondi plc, will 
receive a payment of GBP13,836.32 representing the normal non-executive 
director's fees payable in full to his retirement date for the period from 1 
April to 16 May 2018. No other remuneration payments or payment for loss of 
office have been or will be made in connection with her retirement. 
 
Contact details: 
 
Mondi Group 
 
Kerry Crandon Cooper 
Senior Manager - External Communication 
[phone] / [phone] 
 
About Mondi 
 
Mondi is a global leader in packaging and paper, employing around 26,000 people 
in over 30 countries. We are 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, with 
clearly defined commitments across 10 action areas. We delight our customers 
with our innovative and sustainable packaging and paper solutions. Our major 
operations are in central Europe, Russia, North America and South Africa. In 
2017, Mondi had revenues of EUR7.1 billion and a return on capital employed of 
19.7%. 
 
Mondi has a dual listed company structure, with a primary listing on the JSE 
Limited for Mondi Limited under the ticker MND and a premium listing on the 
London Stock Exchange for Mondi plc, under the ticker MNDI. We are a FTSE 100 
constituent, and have been included in the FTSE4Good Index Series since 2008 
and the JSE's Socially Responsible Investment (SRI) Index since 2007. 
 
Sponsor in South Africa: UBS South Africa (Pty) Ltd 
 
 
 
END 
 

(END) Dow Jones Newswires

March 08, 2018 04:30 ET (09:30 GMT)