Elementis Regulatory News (ELM)

ELEMENTIS PLC - Elementis announces appointment of CFO-Designate

PR Newswire

London, June 27

27th June 2016Elementis – Appointment of CFO-DesignateFurther to the announcement made on 18th May 2016, Elementis plc (ELM.L, “Elementis”, the “Company” or “Group”), the FTSE 250-listed global specialty chemicals company, today announces the appointment of Ralph Hewins as Group CFO-Designate to succeed Brian Taylorson when he steps down from the role.Ralph Hewins has been CFO of BP Lubricants since 2010, a global business that delivered EBIT of c.$1.4bn in 2015 and is part of the BP group. Ralph has enjoyed a number of significant leadership positions in a thirty year career with BP that includes roles in financial management, sales & marketing, corporate development (M&A), strategy and planning, as well as his current CFO role. In addition, he is also a non-executive Director on the Board of Castrol India, a company with a market cap in excess of $2.5bn quoted on the Mumbai Stock Exchange, where he is a member of the Audit and Remuneration Committees. He has served on this Board for over 5 years.Ralph Hewins, 53, is a British citizen and has lived in Asia, Brussels, the Middle East and the UK. He will be based in our corporate office in London. He holds an MA degree in Modern History and Economics from the University of Oxford and an MBA from INSEAD.Andrew Duff, Chairman of Elementis, said:“On behalf of the Board, I am delighted that Ralph will be our next Group CFO. Ralph is an extremely accomplished CFO who has a strong track record in finance, strategy implementation, managing projects and delivering top-line growth and profitability. Ralph is eagerly looking forward to joining Paul Waterman, our CEO, to drive improved business performance and profitability to take the Company to the next stage of value creation.”Ralph Hewins, CFO-Designate, said:“I am really looking forward to joining Elementis. The Company has an impressive product portfolio, operates in exciting growth markets and has strong customer relationships. I will aim to help the management team drive business performance and growth, and ensure that we continue to create value for our shareholders.”A further announcement to confirm the effective dates of the above changes will be made in due course.The Company confirms that, other than Mr Hewins’ directorship of Castrol India Ltd., there are no other matters requiring disclosure in relation to listing rule 9.6.13.ENDSEnquiries: