Synthomer PLC Appointment of New Chair (9240I)
December 17 2020 - 1:00AM
UK Regulatory
TIDMSYNT
RNS Number : 9240I
Synthomer PLC
17 December 2020
17(th) December 2020
Synthomer plc ('Synthomer' or 'the Company')
Appointment of New Chair
Synthomer announces that on 16(th) December Neil Johnson stepped
down as Chairman of the Company after nine years on the Board,
eight of which have been as Chair.
As announced on 30(th) March 2020, the Board is pleased to
confirm that Caroline Johnstone has succeeded Neil as Chair of
Synthomer. Caroline joined the Board as a non-executive director in
2015, where she has been Chair of the Audit Committee and a member
of the Nomination and Remuneration Committees. Cynthia Dubin will
replace Caroline as Chair of the Audit Committee.
Caroline has nearly 40 years' experience of working with
chemicals and other large global organisations. Her experience
includes delivering value from mergers and acquisitions, culture
change and cost optimisation. She was a partner in
PricewaterhouseCoopers (PwC) and sat on the Board of its UK
Assurance practice, with responsibility for all people matters.
Caroline is a chartered accountant and a member of the Institute of
Chartered Accountants of Scotland. She is a non-executive director
of Spirax Sarco Engineering plc and Shepherd Building Group
Limited, a private company which owns the Portakabin business. She
also has an honorary position on the governing board of the
University of Manchester.
Neil Johnson commented:
"It has been a pleasure serving on Synthomer's Board for the
last nine years. During that time, the Company has successfully
established itself as a leading, global, differentiated chemicals
business. As confirmed in our recent Q3 trading update, Synthomer
is benefiting from its clear strategy and effective business model
and has proven resilient during the COVID-19 pandemic, with trading
momentum across all divisions. Synthomer is well placed for the
future, not least as it realises the benefits of the OMNOVA
acquisition completed earlier this year.
I am delighted that I will be succeeded by Caroline, who has
made a significant contribution to the Company during her time on
the Board and who will preside over a business that I know can go
from strength to strength."
Caroline Johnstone commented:
"On behalf of the Board, I would like to thank Neil for the
enormous contribution that he has made to the business over the
last nine years. He has overseen a huge period of change and
progress, and he leaves with our best wishes for the future. It is
a privilege to succeed him as Chair and I look forward to working
with other Board colleagues and the management team to take the
business forward."
Enquiries:
Synthomer plc Tel: + 44 7764 859147
Tim Hughes, President, Corporate Development
Teneo Tel: + 44 7703 330 269
Charles Armitstead / Matt Denham
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END
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