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MND / MNP - Mondi Group Organisational Review
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000097051
Mondi plc
(Incorporated in England and Wales)
(Registration number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
MONDI GROUP ORGANISATIONAL REVIEW
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 JSE listings
requirements and/or the Disclosure and Transparency and Listing Rules of the
United Kingdom Listing Authority.
JOHANNESBURG / LONDON, 18 October 2007 - Mondi Group today announces a new
organisation structure, after a review commenced following Mondi`s listing as
an independent business in July 2007. The changes are designed to ensure that
Mondi continues to eliminate duplication, simplify processes and align its
business model across the Group.
From 1 January 2008, in place of the current Mondi Packaging and Mondi
Business Paper Business Units, there will be a Europe & International
Division and a South Africa Division.
The new Europe & International Division will comprise the existing Mondi
Packaging and Mondi Business Paper businesses outside South Africa. It will
be headed by Peter Oswald, the current CEO of Mondi Packaging. Gunther
Hassler, the current CEO of Mondi Business Paper, has decided to leave Mondi
to pursue other opportunities when the transition to the new organisation
structure is complete. Within Europe, paper-making operations will be headed
by Peter Machacek, who will join the Group Executive Committee, reporting to
Peter Oswald.
The new South Africa Division will principally comprise the existing Mondi
Business Paper South Africa business. It will be headed by Ron Traill, the
current MD of the Steti mill in the Czech Republic, who will succeed Otto
Pichler, who is returning to Europe in early 2008.
The reporting lines for Mondi Packaging South Africa, Mondi Shanduka
Newsprint, Aylesford Newsprint and Europapier will remain as at present.
Commenting on the new organisational structure, David Hathorn, Mondi Group
CEO, said:
"The new organisation structure will enable Mondi to improve both
effectiveness and efficiency, by eliminating duplication across the Group at
all levels.
"Within the new structure, we will continue to pursue our strategy of
focusing on our strengths in selected paper and packaging segments and
concentrating our growth on opportunities which offer cost and market
advantages, particularly in emerging economies."
For more information, please contact:
Financial Dynamics
Richard Mountain
Phone: + 44 20 7269 7186
Louise Brugman
Phone: + 27 11 214 2415
Mondi Group
Paul Hollingworth
Phone: + 44 1932 826326
Lisa Attenborough
Phone: + 44 1932 826300
Wolfgang Brunner
Phone: + 43 1 79529 4983
About Mondi Group
Mondi is an integrated paper and packaging group founded in South Africa in
1967. In 2006 it had revenues of Euro 5.751 billion. Its key operations and
interests are in Western Europe, Emerging Europe and South Africa. Mondi is
principally involved in the manufacture of packaging paper, converted
packaging products (including corrugated packaging, bags and flexible
packaging) and office paper.
Mondi is integrated across the paper and packaging production process from
the growing of wood for pulp production and the manufacture of pulp and
paper, to the conversion of packaging papers into corrugated packaging and
industrial bags. It also has a growing flexibles business focused on the
production of release liner, extrusion coating and consumer flexibles
products.
Mondi has production operations in 113 locations across 35 countries and
approximately 33,000 employees.
Date: 18/10/2007 14:30:01 Supplied by www.sharenet.co.za
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