Morgan Advanced Materials PLC Directorate Change (5106K)
May 05 2022 - 10:12AM
UK Regulatory
TIDMMGAM
RNS Number : 5106K
Morgan Advanced Materials PLC
05 May 2022
Morgan Advanced Materials plc
5 May 2022
Directorate change
Further to the announcement made on 6 May 2021, Morgan Advanced
Materials plc ('Morgan', the 'Company') confirms that Peter Turner
will retire as Chief Financial Officer and step down from the Board
on 30 May 2022.
Richard Armitage, whose appointment was announced on 15 October
2021, will join Morgan's Board and be appointed Chief Financial
Officer on the same day.
For further enquiries:
Pete Raby Morgan Advanced Materials plc 01753 837 000
Notes:
For the purposes of section 430(2B) of the Companies Act 2006,
Peter will receive his salary and benefits until 30 June 2022 as
his employment with Morgan continues to that date, but he will not
receive any payment for loss of office.
As disclosed in the Company's 2021 annual report, Peter will be
treated as a good leaver for variable pay purposes and his salary,
bonus and outstanding incentive awards will be treated in
accordance with the shareholder-approved Remuneration Policy.
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