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Mondi : Appointment of non-executive director

External Reference/Copyright
Issue date: 
Feb 23, 2011
Publisher Name: 
Paperindex Times
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Timber Procurement


South Africa, Feb 23, 2011 - The Mondi Group is pleased to announce the appointment of Stephen Harris as an independent non-executive director with effect from 1 March 2011. He will replace Colin Matthews who will be stepping down at the conclusion of the Annual General Meetings on 5 May 2011.

Colin has been with the Mondi Group since its demerger from Anglo American plc in 2007.

Stephen Harris is chief executive officer of Bodycote plc, a leading provider of thermal processing services. He was formally executive director at Spectris plc from 2003 to 2008 and at Powell Duffyn plc from 1995 to 2003. Prior to this he held several senior positions in APV Inc in the United States from 1984 to 1995. He was also a non-executive director of Brixton plc between 2006 and 2009.

With effect from 1 March 2011, Stephen will be a member of the DLC audit, nominations, remuneration and sustainable development committees and will replace Colin Matthews as chairman of the DLC sustainable development committee following his retirement on 5 May 2011.

David Williams, Joint Chairman, commented:

“The Mondi Group Boards are delighted that Stephen will be joining us. He brings a strong engineering background and commercial business experience to the Mondi Group. His knowledge of international manufacturing industries will be of particular benefit to Mondi.

I would also like to take this opportunity to thank Colin for his important contribution to the Boards, in particular his focus on safety and sustainability issues as chairman of the DLC sustainable development committee. He leaves with our very best wishes for the future.”

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

About Mondi Group

Mondi is an international paper and packaging Group, with production operations across 31 countries and revenues of €6.2 billion in 2010. The Group's key operations are located in central Europe, Russia and South Africa and as at the end of 2010, Mondi employed 29,000 people.

Mondi is fully integrated across the paper and packaging process, from the growing of wood and the manufacture of pulp and paper (including recycled paper), to the conversion of packaging papers into corrugated packaging, industrial bags and coatings.

The Group is principally involved in the manufacture of packaging paper, converted packaging products and uncoated fine paper (UFP).

Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi Limited under the ticker code MND and a premium listing on the London Stock Exchange for Mondi plc, under the ticker code MNDI. The Group has been recognised for its sustainability through its inclusion in the FTSE4Good UK, Europe and Global indices in 2008, 2009 and 2010 and the JSE's Socially Responsible Investment (SRI) Index in 2007, 2008, 2009 and 2010.


Extpub | by Dr. Radut