Mondi Group announced that David Hathorn, Group Chief Executive Officer, has informed the Boards of his decision to retire. Peter Oswald, currently an Executive Director and Chief Executive Officer of the Europe & International Division, will succeed Hathorn as Group Chief Executive Officer.
Hathorn joined Mondi in 1991 and has served as CEO since 2000.
Oswald has been with Mondi in various roles since joining the Group in 1992, serving as an Executive Director and CEO of the Europe & International Division since January 2008. In order to ensure a smooth transition, Hathorn and Oswald will work together over the next three months.
Hathorn will stand down as Group CEO and as a director of Mondi plc and Mondi Limited at the conclusion of the Annual General Meetings on 11 May 2017, at which time Oswald will assume the full responsibility as the Group CEO.
Hathorn will continue to work in an executive capacity until his retirement in February 2018.
