PAPER and packaging multinational, Mondi, has announced the appointment of Andrew King, as its new Group Chief Executive Officer (CEO) with effect from 1 April 2020.
King, the current Group Chief Financial Officer (CFO) and a director will succeed Peter Oswald who announced in January that he would be stepping down as CEO and leaving on 31 March. The decision surprised industry analysts as he had played a significant role in simplifying the group’s operations and setting it on course for a sustainable future.
Mondi Chairperson David Williams said, “I am delighted that someone of Andrew’s calibre has agreed to succeed Peter as CEO. This appointment follows a formal review process, assessing both internal and external candidates, which convinced the board that he is the right person to lead the group. During his time with Mondi, Andrew has consistently demonstrated considered and effective leadership.
He added that King’s 17 years’ experience with the group in various strategy, business development and finance leadership roles would benefit it enormously. “He has been instrumental in defining the group’s strategic direction since listing and I am confident he will bring significant insight and leadership to the role of CEO.”
Reacting to the news, King, said, “I am excited to accept the role as CEO of Mondi. We have a clear strategic focus, robust business model and many talented and dedicated people.”
A formal process to recruit King’s successor as CFO is underway and, according to the group, will include external and internal candidates.