Appointments of Chairman & Non-Executive Director

RNS Number : 8693C

Morgan Crucible Co PLC

08 May 2012

 



8 May 2012

Morgan Crucible plc ("Morgan Crucible" or "the Company")

Appointments of Chairman and Non-Executive Director

The Board of Morgan Crucible announces that Tim Stevenson, having served as Chairman of the Board since 1^st December 2006, will retire from the Board on 31st July 2012.

Andrew Shilston is appointed to the Board as a non-executive director and Chairman Designate with effect from the conclusion of the Company's 2012 Annual General Meeting to be held at 12 noon today. It is the Board's intention that Andrew will be appointed as Chairman of the Board with effect from 1^st August 2012, when Tim Stevenson retires. Andrew is currently a non-executive director of BP p.l.c. and was Chief Financial Officer of Rolls Royce Holdings plc from 2002 to 2011. A fuller biography is set out below.

Victoire de Margerie is also appointed to the Board as a non-executive director with effect from the conclusion of the Company's 2012 Annual General Meeting today. She is currently a non-executive director of the French quoted companies, Ciments Francais and Groupe Flo as well as the Chairman and Managing Director of Rondol Technology Ltd. A fuller biography is set out below.

The appointments follow a comprehensive search process led by the Senior Independent non-executive director, Martin Flower.  Following Tim Stevenson's retirement in July, the Board will comprise five non-executive directors and three executive directors.

Commenting on the appointments, Mark Robertshaw, Chief Executive of Morgan Crucible, said: 

"I am delighted to welcome Andrew Shilston as the future Chairman of Morgan Crucible and also to welcome Victoire de Margerie to the Board. I would also like to take this opportunity to thank Tim Stevenson for his significant contribution to the success of the Company over the last 6 years and to wish him the very best for the future."

Tim Stevenson, Chairman of Morgan Crucible, said:

"I am delighted that the board of Morgan Crucible has today appointed Andrew Shilston as my successor as Chairman and Victoire de Margerie as a non-executive director. Andrew has had extensive Board experience in world-class companies and is well equipped to chair the Company as it continues to pursue its ambitious goals. Victoire brings a wealth of international business experience and strategic insight to the Board as well as a background in and a passion for materials science."

There are no further matters to be disclosed pursuant to Listing Rule 9.6.13.

Morgan Crucible has released an Interim Management Statement this morning in a separate announcement.

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Enquiries to:

Mark Robertshaw	Morgan Crucible	01753 837000
Kevin Dangerfield	Morgan Crucible	01753 837000
Will Carnwath	Brunswick	0207 404 5959

Notes to editors:

Morgan Crucible (www.morgancrucible.com) is an advanced materials technology company that provides highly engineered solutions to its chosen markets. Morgan Crucible has a global presence with operations in more than 50 countries. From medical instruments, aerospace, power generation and satellite communications, to body armour, trains and fire protection systems, Morgan Crucible's products are fundamental components or enabling technologies for many of the modern world's sophisticated products.

Biographical information:

Andrew Shilston

Andrew Shilston was the Chief Financial Officer of Rolls Royce Holdings plc from 2002 to 2011. Prior to that he was Financial Director at Enterprise Oil plc from 1993 to 2002. He was a non-executive director at Cairn Energy plc from 2004 to 2008, and is currently a non-executive director of BP p.l.c. and Circle Holdings plc.

Victoire de Margerie

Victoire de Margerie is a non-executive director of the French quoted companies, Ciments Francais and Groupe Flo as well as the Chairman and Managing Director of Rondol Technology Ltd, an innovative capital goods business based in Stoke on Trent. Victoire also sits on the Advisory Boards of Life Sciences Health and Materalia, both being Technology Cluster organisations based in the Netherlands and France respectively. She has previously held non-executive roles at Outukumpu (2007 to 2011) and Ipsos (2004 to 2008) and was a Professor in Strategic Management at Grenoble School of Business until 1^st January 2012. During her executive career she held senior management positions with Arkema, Carnaud MetalBox (now Crown Cork & Seal) and Pechiney (now Rio Tinto).

 

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