CEO-designate update

RNS Number : 6644P

Victrex PLC

04 September 2017

 

4 September 2017

Victrex plc

Jakob Sigurdsson joins Victrex as CEO-designate

Victrex plc, an innovative world leader in high performance polymer solutions, is pleased to announce that, further to our announcement of 19 April 2017, Jakob Sigurdsson has started at Victrex as Chief Executive-designate, effective 1 September 2017.

Jakob, 53, will join the Board as Chief Executive on 1 October, succeeding David Hummel who is retiring from the Company after 24 highly successful years as Chief Executive. Dave will work through an orderly transition with Jakob over the coming months, remaining on the Board as an Executive Director until Victrex's AGM in February 2018, before retiring from the Company on 31 March 2018.

Larry Pentz, Chairman of Victrex, said: "I am delighted that Jakob has joined Victrex. With his track record of making markets and delivering growth, the Board believes this appointment is a strong fit for Victrex as we focus on executing our Polymer & Parts strategy over the coming years."

David Hummel, Chief Executive of Victrex, said: "Jakob joins Victrex at a good time for the business.  We continue to perform well and are well placed for 2017.  I am greatly looking forward to working with Jakob over the coming months." 

Jakob Sigurdsson, Chief Executive-designate of Victrex, commented: "It is great to get started and focus on executing our strategy and delivering the attractive growth opportunities that lie ahead."

There are no disclosures under paragraph 9.6.13R (1)-(6) of the Listing Rules.

Notes:

Jakob Sigurdsson has more than 20 years' experience in diverse multinational companies, both private and listed, including as the former Chief Executive of Promens in Europe, with Rohm & Haas (now part of Dow Chemical) in the US, and as Chief Executive of food manufacturer Alfesca.

Enquiries:

Victrex plc:

Andrew Hanson, Director of Investor Relations & Corporate Communications      

[phone]

Louisa Burdett, Group Finance Director

[phone]

David Hummel, Chief Executive

[phone]

About Victrex:

Victrex is an innovative world leader in high performance polymer solutions, focused on the strategic markets of Automotive, Aerospace, Energy (including Manufacturing & Engineering), Electronics and Medical. Every day, millions of people rely on products or applications which contain our materials, from smartphones, aeroplanes and cars to oil & gas operations and medical devices. With over 35 years' experience, we develop world leading solutions in PEEK and PAEK-based polymers, semi-finished and finished parts which shape future performance for our customers and our markets, and drive value for our shareholders. Find out more at www.victrexplc.com

 

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