Croda International PLC

Board/Management Information • Jun 18, 2014

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RNS Number : 8632J

Croda International PLC

18 June 2014

June 18 2014

Sean Christie to step down as Group Finance Director in April 2015

Croda International Plc ('Croda' or 'the company') today announces that Sean Christie, Group Finance Director, will stand down following eight highly successful years with the company. To allow time for his replacement to be found and an orderly transition, Sean will remain Group Finance Director and on the Board until April 2015.

Sean joined Croda in April 2006 and has overseen a period of significant growth. During his tenure, the company has more than trebled turnover to over £1 billion and completed a number of major disposals and transactions, the most significant of which was the acquisition of Uniqema in 2006. 

The Board will conduct an extensive international search for Sean's successor and an appointment will be announced in due course.

Martin Flower, Chairman, said: 

"Sean has played a pivotal role at Croda for the past eight years during a strong period of growth for the company.  In particular, he helped to oversee the transformational acquisition and subsequent integration of Uniqema in 2006. He has also introduced new levels of financial and reporting rigour and driven operational excellence across the business. We are very grateful for his insight, wise counsel and hard work through such a critical period of development for Croda and wish Sean all the very best for the future."

Sean Christie said:

"It has been an enormous privilege to work at Croda through such an extensive period of change. I have thoroughly enjoyed the role and all its challenges but have decided that this is the right time in my career to exploit my years of experience and build a portfolio of non-executive positions. Although my departure is still some way off, I would like to take this opportunity to thank my colleagues across the company and wish Croda well in its continued progress and success."

Enquiries:

Croda International Plc Steve Foots, Group Chief Executive Sean Christie, Group Finance Director	+ 44 (0) 1405 860 551
Pendomer Communications Charles Armitstead	+44 (0) 20 3603 5220

This information is provided by RNS

The company news service from the London Stock Exchange

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