Appointment of Chief Financial Officer

RNS Number : 4577T

Morgan Advanced Materials PLC

30 March 2016

 

30 March, 2016                                                             

Appointment of Chief Financial Officer

The Board is pleased to announce the appointment of Peter Turner as Chief Financial Officer, with effect from 11 April 2016.

Peter, 45, has built a strong track record of driving improved business performance. From 2010 to 2015 Peter was Finance Director at Smiths Group plc, the global technology company that employs over 23,000 people in more than 50 countries. During his five years at Smiths Group, he was responsible for driving restructuring programmes across the group to enhance operating margins and with a strong focus on improving operating cash flow.

Prior to Smiths, Peter was Finance Director from 2007 to 2009 at Venture Production plc, the oil and gas company before it was acquired by Centrica in 2009. From 1995 to 2006, Peter held several positions at the BOC Group, including Finance Director of the Industrial & Special Products division. Peter started his career as an auditor at Price Waterhouse. He holds a first class degree in chemistry from Oxford University.

Peter succeeds Kevin Dangerfield whose departure was announced last week.

No further information is required to be disclosed pursuant to Listing Rule 9.6.13R in respect of Peter Turner.

Pete Raby, chief executive, said:

"We are absolutely delighted to welcome Peter Turner to the team. Peter is highly capable, and we are pleased to have been able to attract someone of his calibre and expertise. I am confident his operational skills and experience will make a significant contribution to the implementation of our strategy and the development of the business. We look forward to working with him."

Enquiries:

Pete Raby	Morgan Advanced Materials	01753 837000
Mike Smith / Nina Coad	Brunswick	0207 404 5959

 

About Morgan Advanced Materials

Morgan Advanced Materials plc is a global materials technology company which designs and manufactures a wide range of high specification products with extraordinary properties, across multiple sectors and geographies.

From an extensive range of advanced materials we produce components, assemblies and systems that deliver significantly enhanced performance for our customers' products and processes. Our engineered solutions are produced to very high tolerances and many are designed for use in extreme environments.

The Company thrives on breakthrough innovation. Our materials scientists and applications engineers work in close collaboration with customers to create outstanding, highly differentiated products that perform more efficiently, more reliably and for longer.

Morgan Advanced Materials plc has a global presence with more than 9,000 employees across 50 countries serving specialist markets in the energy, transport, healthcare, electronics, security and defence, petrochemical and industrial sectors. It is listed on the London Stock Exchange in the engineering sector (ticker MGAM).

For more information on Morgan Advanced Materials plc visit: www.morganadvancedmaterials.com

 

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