Elementis PLC — Board/Management Information 2013

Jul 22, 2013

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 5390J

Elementis PLC

22 July 2013

22 July 2013

Elementis - Directorate Changes

Elementis plc (ELM.L) (the "Company"), the FTSE 250 Global Specialty Chemicals Company, today announces the following changes to its Board of Directors:

Changes effective from the close of business on 31 July 2013

·      Following his decision to retire, Robert Beeston will be stepping down as Chairman and a non-executive Director.

·      Chris Girling will be retiring as Chairman of the Audit Committee and a non-executive Director.

Changes effective from 1 August 2013

·      Ian Brindle, Senior Independent Director, who will be leading the search process for a new Chairman, will become Chairman in the interim period.

·      Anne Hyland will become Chairman of the Audit Committee. 

Ian Brindle said:

"Bob Beeston has decided to step down from his role for personal reasons. Bob joined Elementis as Chairman in September 2006 and has led the Board through a period in which the Company has experienced significant positive change and the foundations of its growth strategy were laid. On behalf of the Board, I would like to express my sincere thanks to Bob for his leadership and wise counsel over the years and wish him a happy retirement.

A search has been initiated to find a new Chairman and the Nomination Committee has appointed Korn/Ferry Whitehead Mann to assist it in the process.

As previously announced, the Elementis Board is undergoing a period of change that is consistent with good governance practices. Chris Girling has served as a non-executive Director for over eight years, five of those as Chairman of the Audit Committee. On behalf of the Board, I would like to thank Chris for his financial guidance and excellent contribution over the years and wish him well for the future."

Wai Wong

Company Secretary

020 7408 9303

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOAUBSUROSABAAR