Mondi 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» King said. «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. 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. Mike has a Bachelor of Science in Computer Science & Accounting from the University of Manchester and is an associate of the Chartered Institute of Management Accountants. Mike started his career at Pilkington plc, spending 15 years in a variety of finance and operational roles. He went on to become Chief Financial Officer at Nippon Sheet Glass and then AZ Electronic Materials plc. He was subsequently appointed Group Finance Director at BBA Aviation plc before taking up his current role as Group Chief Financial Officer at Ferguson plc. Mike was also a non-executive director of Low & Bonar plc from December 2016 to May 2020.