Peter Oswald will resign from his office as CEO and the Management Board of Mondi Group. He will leave the Group on 31st March 2020.
The Appointment Committee of Mondi has already started searching for a successor; in the meantime, the Group’s chief financial officer Andrew King has taken up the role of interim CEO.
«Peter has made an immense contribution to the growth and development of Mondi since joining in 1992, most notably during his tenure as Chief Executive Officer of the former Europe & International Division and subsequently as CEO», says David Williams, Chair of Mondi. «His drive to grow the business and his focus on ensuring Mondi’s long-term sustainable future have been invaluable to Mondi. The Board thanks Peter for his contribution to the Group and wishes him all the best for the future».
As of 1st April 2020, Peter Oswald will become president of the management board and CEO of Mayr-Melnhof Karton with a contract for a period of five years.
Succede a Wilhelm Hörmanseder, who has been the CEO of Mayr-Melnhof Karton over the last 18 years, will hand over to Peter Oswald.
Under the management of Wilhelm Hörmanseder, the MM Group demonstrated sustained earnings growth and a solid expansion path in Europe as well as globally holding today numerous excellent positions in several attractive markets as market leader in paperboard packaging with high competitive strength.