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MONDI PLC - Peter Oswald to step down as Group Chief Executive Officer

Release Date: 10/01/2020 09:00
Code(s): MNP     PDF:  
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Peter Oswald to step down as Group Chief Executive Officer

Mondi plc
Incorporated in England and Wales
Registered number: 6209386
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI        ISIN: GB00B1CRLC47
JSE share code: MNP

This announcement contains inside information.

10 January 2020

Peter Oswald to step down as Group Chief Executive Officer

Mondi plc (“Mondi” or “the Group”) announces that it has agreed with Peter Oswald, Group
Chief Executive Officer (“CEO”), that he will step down as CEO and from the board of Mondi
plc, and will leave the Group, on 31 March 2020.

Mondi’s Nominations Committee will now begin the process of searching for a successor to
Peter. We are pleased to confirm that Andrew King, Group Chief Financial Officer (“CFO”), has
agreed to take on the role of Interim CEO after Peter steps down and until a successor is
appointed.

David Williams, Chair of Mondi plc, commented:

“Peter has made an immense contribution to the growth and development of Mondi since
joining in 1992, most notably during his tenure as Chief Executive Officer of the former Europe
& International Division and subsequently as CEO. His drive to grow the business and his
focus on ensuring Mondi’s long-term sustainable future have been invaluable to Mondi. The
Board thanks Peter for his contribution to the Group and wishes him all the best for the future.

Peter Oswald commented:

“It has been an honour to have worked for Mondi and I am extremely proud of what we have
achieved together. While I am sad to be leaving, I know the Group is in the hands of a strong
Board and an experienced senior management team that will ensure its continued success.”

Notes:

The remuneration details relating to Peter Oswald required to be made available pursuant to
section 430(2B) of the UK Companies Act 2006 will be made available on our website
(www.mondigroup.com) at the appropriate time.

Enquiries:

Investors/analysts:
Clara Valera
Mondi Group Head of Strategy and Investor Relations
+44 193 282 6357

Media:
Kerry Cooper
Mondi Group Head of External Communication
+44 193 282 6323

Richard Mountain (FTI Consulting)
+44 790 968 4466
About Mondi

Mondi is a global leader in packaging and paper, delighting its customers and consumers with
innovative packaging and paper solutions that are sustainable by design. Our business is 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. In 2018, Mondi
had revenues of €7.48 billion and underlying EBITDA of €1.76 billion.

Mondi has a premium listing on the London Stock Exchange (MNDI), and a secondary listing
on the JSE Limited (MNP). Mondi is a FTSE 100 constituent, and has been included in the
FTSE4Good Index Series since 2008 and the FTSE/JSE Responsible Investment Index Series
since 2007.

Sponsor in South Africa: UBS South Africa Proprietary Limited.

Date: 10-01-2020 09:00:00
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