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MONDI PLC - Mike Powell to be appointed Mondi Group Chief Financial Officer

Release Date: 26/05/2020 08:00
Code(s): MNP     PDF:  
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Mike Powell to be appointed Mondi Group Chief Financial Officer

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

26 May 2020

Mike Powell to be appointed Mondi Group Chief Financial Officer

Mondi plc (“Mondi” or “the Group”) announces that Mike Powell will be appointed as Group
Chief Financial Officer (“CFO”) and as an executive director of Mondi plc. The effective date
of Mike’s appointment will be announced in due course. Mike succeeds Andrew King who was
appointed as Mondi’s Group Chief Executive Officer (“CEO”) in April 2020. Mike’s appointment
follows a thorough recruitment process involving internal and external candidates.

Andrew King, CEO, commented:

“We are delighted that Mike will be joining the Mondi team. He has significant financial and
strategic experience having been chief financial officer and an executive director of a number
of large international listed companies, most recently Ferguson plc. We are confident that
Mike’s clear operational focus, strong leadership experience and knowledge of operating in
large industrial groups across a variety of geographies will be instrumental in driving forward
Mondi’s strategy.”

Mike Powell commented:

“I am excited to be joining Mondi as CFO and look forward to working with Andrew, the Board
and Mondi colleagues to continue to develop and grow the business, delivering Mondi’s
strategy and helping to ensure its long-term sustainable future.”

Mike has a Bachelor of Science in Computer Science & Accounting from the University of
Manchester and is an associate of the Chartered Institute of Management Accountants. Mike
started his career at Pilkington plc, spending 15 years in a variety of finance and operational
roles. He went on to become Chief Financial Officer at Nippon Sheet Glass and then AZ
Electronic Materials plc. He was subsequently appointed Group Finance Director at BBA
Aviation plc before taking up his current role as Group Chief Financial Officer at Ferguson plc.
Mike was also a non-executive director of Low & Bonar plc from December 2016 to May 2020.

Mike will be appointed to Mondi’s Executive Committee with effect from his appointment to
Mondi’s Board.

There are no other details that require to be disclosed in respect of this appointment pursuant
to Rule 9.6.13 of the UK Listing Rules.


Clara Valera
Mondi Group Head of Strategy and Investor Relations
+44 193 282 6357
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 2019, Mondi
had revenues of €7.27 billion and underlying EBITDA of €1.66 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: 26-05-2020 08:00:00
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