(Alliance News) - Packaging and paper company Mondi PLC on Thursday announced the retirement of Senior Independent Director Stephen Harris, effective May 6.
The Addlestone-based company said Independent Non-Executive Director Stephen Young will succeed Harris.
Chair Philip Year said: "I would like to take the opportunity, on behalf of the Mondi board, to thank Stephen for his significant contribution to Mondi since his appointment in 2011. Stephen has played a key role in his nine years on the board, initially as a non-executive director and chair of the sustainable development committee, and latterly as senior independent director. His extensive experience in engineering and manufacturing and his chief executive officer background have provided valuable insight to the Board during his tenure. We wish him all the best for the future.'
Mondi shares were up 1.2% at ZAR364.20 each in Johannesburg on Thursday, and down marginally at 1,745.00 pence each in London.
By Greg Roxburgh; gregroxburgh@alliancenews.com
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Mondi (MNDI)