Andrew's appointment follows the resignation of former group CEO Peter Oswald.
Mondi group CFO Andrew King has been appointed as group CEO with effect from 1 April.
Andrew will be taking over from Peter Oswald, who’s resignation comes into effect from 31 March.
About the appointment, Andrew 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… I look forward to working with the board and the wider leadership team to continue the successful development of the group.”
In a statement, Mondi said that the process to recruit Andrew’s successor as CFO will commence immediately and will include external and internal candidates.
Mondi chair David Williams said that Andrew’s appointment follows a formal review process, which convinced the board that he is the right person to lead the group. “I am delighted that someone of Andrew’s calibre has agreed to succeed Peter as CEO,” he added. “During his time with Mondi, Andrew has consistently demonstrated considered and effective leadership.”
David said that Andrew’s 17 years’ experience with Mondi in various strategy, business development and finance leadership roles will benefit the group “enormously”. Andrew has been instrumental in defining the group’s strategic direction since listing. “I am confident he will bring significant insight and leadership to the role of CEO,” David concluded.
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