Directorate Change

RNS Number : 5106K
Morgan Advanced Materials PLC
05 May 2022
 

Morgan Advanced Materials plc

 

5 May 2022

 

Directorate change

 

Further to the announcement made on 6 May 2021, Morgan Advanced Materials plc ('Morgan', the 'Company') confirms that Peter Turner will retire as Chief Financial Officer and step down from the Board on 30 May 2022.

 

Richard Armitage, whose appointment was announced on 15 October 2021, will join Morgan's Board and be appointed Chief Financial Officer on the same day.

 

 

For further enquiries:

Pete Raby  Morgan Advanced Materials plc  01753 837 000

 

Notes:

For the purposes of section 430(2B) of the Companies Act 2006, Peter will receive his salary and benefits until 30 June 2022 as his employment with Morgan continues to that date, but he will not receive any payment for loss of office.

 

As disclosed in the Company's 2021 annual report, Peter will be treated as a good leaver for variable pay purposes and his salary, bonus and outstanding incentive awards will be treated in accordance with the shareholder-approved Remuneration Policy.

 

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Morgan Advanced Materials (MGAM)
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