NON-EXECUTIVE DIRECTOR CHANGES
The Mondi Group is pleased to announce the appointment of Dominique Reiniche as an independent non-executive director with effect from 1 October 2015. She will replace Imogen Mkhize, an independent non-executive director, who will be retiring from the boards of Mondi Limited and Mondi plc on 30 September 2015. Imogen is in her ninth year of office having been appointed to the Boards in May 2007.
The joint chairmen, David Williams and Fred Phaswana, commented:
“We would like to take this opportunity to thank Imogen for the important role she has played since the Mondi Group became independent in 2007. Her knowledge and experience in the areas of governance and ethics in particular have helped guide Mondi since its listing. She leaves with our very best wishes for the future.
The Mondi Group Boards are delighted that Dominique will be joining us. She has extensive business experience of operating in Europe and has international consumer marketing and innovation experience as well as strong customer awareness. She brings important additional skills that will benefit Mondi as we continue to grow our packaging interests in line with our stated strategy.”
Dominique, a French national, holds an MBA from the ESSEC Business School in Paris and started her career with Procter & Gamble before moving to Kraft Jacobs Suchard as director of marketing and strategy. She was then with The Coca-Cola Company and with Coca-Cola Enterprises from 1992 to 2014 starting in sales and marketing before taking on roles of increasing responsibility. From 2005 she was president Europe and then chairman in 2014. The Coca-Cola System Europe covers 38 countries, 55,000 employees and USD16bn turnover. Dominique now has a portfolio of non-executive directorships being a non-executive director of AXA SA, Peugeot-Citroen SA, CHR Hansen Holdings A/S and Paypal (Europe).
With effect from 1 October 2015, Dominique will be a member of the DLC nominations and remuneration committees.
Also with effect from 1 October 2015, Stephen Harris, non-executive director, will take over the chairmanship of the Mondi Limited social & ethics committee from Imogen. Stephen is currently a member of this committee. At the same time Fred Phaswana, joint chairman, will become a member of the Mondi Limited social & ethics committee.
Statutory and regulatory disclosures:
- There are no other details that require to be disclosed in respect of the appointment of Dominique Reiniche pursuant to Rule 9.6.13 of the UK Listing Rules.
- Statement pursuant to section 430(2B) of the UK Companies Act 2006: Imogen Mkhize, upon retirement as a director of Mondi Limited and Mondi plc, will receive a payment of £18,877.50 representing the normal non-executive director’s fees payable in full to her retirement date for the period from 1 July to 30 September 2015. No other remuneration payments or payment for loss of office have been or will be made in connection with her retirement.
About Mondi Group
We are Mondi: In touch every day
Mondi is an international packaging and paper Group, employing around 25,000 people across more than 30 countries. Our key operations are located in central Europe, Russia, North America and South Africa. We offer over 100 packaging and paper products, customised into more than 100,000 different solutions for customers and end consumers. In 2014, Mondi had revenues of €6.4 billion and a return on capital employed of 17.2%.
The Mondi Group is fully integrated across the packaging and paper value chain - from managing forests and producing pulp, paper and compound plastics, to developing effective and innovative industrial and consumer packaging solutions. Our innovative technologies and products can be found in a variety of applications including hygiene components, stand-up pouches, super-strong cement bags, clever retail boxes and office paper. Our key customers are in industries such as automotive; building and construction; chemicals; food and beverage; home and personal care; medical and pharmaceutical; packaging and paper converting; pet care; and office and professional printing.
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.
For us, sustainable development makes good business sense. We don’t just talk about sustainability; we make it part of the way we work every day. We have been included in the FTSE4Good Index Series since 2008 and the JSE's Socially Responsible Investment (SRI) Index since 2007.
Sponsor in South Africa: UBS South Africa (Pty) Ltd
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
Mondi plc
(Incorporated in England and Wales)
(Registration number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
As part of the dual listed company structure, Mondi Limited and Mondi plc (together “Mondi Group”) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure and Transparency and Listing Rules of the United Kingdom Listing Authority.