Victrex PLC Directorate Change (1627P)
October 15 2021 - 1:00AM
UK Regulatory
TIDMVCT
RNS Number : 1627P
Victrex PLC
15 October 2021
15 October 2021
Victrex plc
Directorate change
Richard Armitage to stand down from the Board; appointed as CFO
of Morgan Advanced Materials
Victrex plc, an innovative world leader in high performance
polymer solutions, delivering sustainable products which support
CO2 reduction and bring environmental and societal benefit, today
announces that Richard Armitage, the Group's Chief Financial
Officer (CFO) has notified the Board of his intention to stand down
after over three and a half years in the role, to take up a
position as Chief Financial Officer for Morgan Advanced Materials
plc. The Group expects Richard will leave Victrex by 27(th) May
2022 and a full search process will commence shortly.
Jakob Sigurdsson, Chief Executive of Victrex, said: " I would
like to thank Richard for his contribution over the last three and
a half years. We have retained a strong financial footing for the
business, with a robust balance sheet, strong cash generation, an
ability to invest and underpin our future growth, as well as the
ability to deliver attractive shareholder returns."
Larry Pentz, Chairman of Victrex, said: "The Board thanks
Richard for his contribution and we wish him well. Victrex is
emerging strongly from the impact of COVID-19 and with significant
growth opportunities and a clear sustainability agenda through
products offering environmental and societal benefit, the Board
believes we remain well positioned for the years ahead."
Richard's terms of departure will be in line with the Company's
remuneration policy.
Victrex closed its FY 2021 financial year on 30 September 2021,
with trading remaining in line with current FY 2021 full year
expectations. The Group will report preliminary results on 6(th)
December 2021.
Enquiries:
Victrex plc:
Andrew Hanson, Director of Investor Relations & Corporate Communications +44 (0) 1253 898121
+44 (0) 7809 595831
Jakob Sigurdsson, Chief Executive +44 (0) 1253 897700
Richard Armitage, Chief Financial Officer +44 (0) 1253
897700
About Victrex:
Victrex is an innovative world leader in high performance
polymer solutions, focused on the strategic markets of Automotive,
Aerospace, Energy, Electronics and Medical. Every day, millions of
people rely on products or applications which contain our
sustainable materials, from smartphones, aeroplanes and cars to oil
& gas operations and medical devices. With over 40 years'
experience, we are moving beyond the polymer into semi-finished and
finished products which shape future performance for our customers
and our markets, provide environmental and societal benefit for
customers and drive value for our shareholders. Find out more at
www.victrexplc.com
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END
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