Mondi plc announced that Mike Powell will be appointed as group CFO and as an executive director of Mondi plc. The effective date of his appointment will be announced in due course.
He succeeds Andrew King, who was appointed as Mondi’s Group CEO in April.
“We are delighted that Mike will be joining the Mondi team. He has significant financial and strategic experience having been CFO and an executive director of a number of large international listed companies, most recently Ferguson plc," King said. "We are confident that Mike’s clear operational focus, strong leadership experience and knowledge of operating in large industrial groups across a variety of geographies will be instrumental in driving forward Mondi’s strategy.”
“I am excited to be joining Mondi as CFO and look forward to working with Andrew, the Board and Mondi colleagues to continue to develop and grow the business, delivering Mondi’s strategy and helping to ensure its long-term sustainable future," Powell added.