Andrew will act as interim CEO until a replacement for Peter Oswald has been appointed.
On Friday, January 10, Mondi Group announced that its group CFO Andrew King will be stepping into the role of interim group CEO after the resignation of Peter Oswald .
Andrew's appointment to interim CEO and Oswald's resignation comes into effect on March 31, 2020.
About his resignation, Oswald said:
“It has been an honor to have worked for Mondi and I am extremely proud of what we have achieved together. While I am sad to be leaving, I know the group is in the hands of a strong board and an experienced senior management team that will ensure its continued success. ”
Andrew, a 2016 CFO Awards nominee, has more than 16 years of experience with Mondi Group in various strategy, business development and finance roles.
According to the group, Andrew has played a key role in defining its strategic direction and re-shaping the capital structure since listing.
Andrew completed his articles with Deloitte in Johannesburg in 1994. In 1995 he joined Minorco, part of Anglo American , as a financial analyst, before assuming responsibility for the group's investment management activities, and transferring to their corporate finance department in 1998. He worked on a number of group M&A activities before being appointed as vice president of A nglo American Corporate Finance in 1999.
In 2002 he was appointed as Mondi's vice president of business development and in 2004 as corporate development director. He served as CFO or Mondi from June 2005 to May 2006. He was later appointed as group strategy and business development director before becoming the CFO of the Mondi Group in 2008.