Friday, 24 May 2024
22.7 C
Durban

New boss for packaging and paper group

Home Agriculture Forestry New boss for packaging and paper group

PAPER and packaging multinational, Mondi, has announced the appointment of Andrew King, as its new Group Chief Executive Officer (CEO) with effect from 1 April 2020.

King, the current Group Chief Financial Officer (CFO) and a director will succeed Peter Oswald who announced in January that he would be stepping down as CEO and leaving on 31 March. The decision surprised industry analysts as he had played a significant role in simplifying the group’s operations and setting it on course for a sustainable future.

Mondi Chairperson David Williams said, “I am delighted that someone of Andrew’s calibre has agreed to succeed Peter as CEO. This appointment follows a formal review process, assessing both internal and external candidates, which convinced the board that he is the right person to lead the group. During his time with Mondi, Andrew has consistently demonstrated considered and effective leadership.

He added that King’s 17 years’ experience with the group in various strategy, business development and finance leadership roles would benefit it enormously. “He has been instrumental in defining the group’s strategic direction since listing and I am confident he will bring significant insight and leadership to the role of CEO.”

Reacting to the news, King, said, “I am excited to accept the role as CEO of Mondi. We have a clear strategic focus, robust business model and many talented and dedicated people.”

A formal process to recruit King’s successor as CFO is underway and, according to the group, will include external and internal candidates.

Most Popular

Paper, pulp and forest group delivers better than expected quarterly results

COMMENTING on the group’s results, Sappi CEO Steve Binnie said: “Within the context of subdued underlying market conditions due to the challenging macroeconomic environment...

Workers can be empowered with modern incentive solutions

IN the ever-evolving landscape of workplace safety and employee engagement, the significance of incentivisation cannot be overstated. This is clearly apparent in multiple sectors,...

Last-mile fuel delivery enhanced with state-of-the-art technology

LEADING supplier in bulk tanker fuel transportation and supply chain solutions, Unitrans, is optimising supply chains by leveraging cutting-edge technology to enhance last-mile fuel...

Seifsa and Numsa conclude 3-year agreement in record time

AFTER three formal engagements, Seifsa and Numsa have concluded the terms of a historic three-year wage agreement for the period 1 July 2024 to...