Mondi plc Announces Non-Executive Director Changes

  • Appointment of Sucheta Govil: Effective October 1, 2024, as an independent non-executive director.
  • Retirement of Dominique Reiniche: Exiting Mondi plc's board on September 30, 2024, after nine years.
  • Board Changes: Sue Clark becomes Senior Independent Director; Angela Strank chairs Sustainable Development Committee; Anke Groth oversees employee engagement.

Sucheta Govil brings extensive experience from multinational industrial businesses to Mondi plc. She has held senior roles at Covestro AG and previously served as Chief Marketing Officer at DSM NV.

Career Background:

  • Started at GlaxoSmithKline plc, spent 17 years, moved to PepsiCo Inc in 2003.
  • Global Head of Marketing, Decorative Paints at Akzo Nobel NV until 2015.
  • Became Chief Marketing Officer of DSM NV in 2015, and Chief Commercial Officer at Covestro AG in 2019.
  • Holds degrees from Delhi University and the Indian Institute of Management, Calcutta.

Board Changes Effective October 1, 2024:

  • Sue Clark to become Senior Independent Director and chair of the Remuneration Committee.
  • Dame Angela Strank appointed as chair of the Sustainable Development Committee.
  • Anke Groth to oversee employee engagement on behalf of the Board.

Financial Performance and Market Presence:

  • Mondi reported โ‚ฌ7.3 billion in revenue and โ‚ฌ1.2 billion in underlying EBITDA for 2023.

Conclusion: Mondi plc strengthens its board with the appointment of Sucheta Govil and acknowledges Dominique Reiniche’s contributions. The strategic changes reflect Mondiโ€™s commitment to sustainability and governance excellence.