18 November 2024
Elementis
plc
Chief Executive
Succession
Elementis plc (the "Company"), today
announces that, following a period of discussion, Paul Waterman has
agreed with the Board that it is the right time to transition the
leadership of Elementis to a new Chief Executive Officer, following
his nine years of service. Paul has agreed to remain with the
Company until a successor is appointed, and will step down no later
than the Company's Annual General Meeting in April 2025, remaining
available as required for any transition or other support until the
end of July 2025.
The Board has initiated a process to
identify and appoint a successor, and a further announcement in
relation to this will be made in due course.
Paul Waterman, CEO of the Company,
said:
"Over the past nine years it has
been my privilege to lead Elementis as we have transformed the
group into a higher quality, more focused specialty chemicals
business. The Company is now well positioned for future success as
a result of our focused strategy implementation and the commitment
of a very talented Elementis team. I am confident that
performance will further improve through 2025 and 2026, making now
an appropriate time for a leadership transition."
John O'Higgins, Chair of the
Company, said:
"On behalf of the Board, I should
like to thank Paul for his long tenure of leadership of Elementis
and we wish him the very best for the future. He will be leaving
the Company in a strong strategic and financial position and with
many exciting opportunities ahead."
This announcement is made in
accordance with UK Listing Rule 6.4.6.
This announcement contains inside
information. The person responsible for the release of this
announcement on behalf of the Company is Anna Lawrence, Group
General Counsel and Company Secretary.
Notes:
Paul Waterman will be treated in
accordance with the Company's Remuneration Policy and his service
agreement for the remaining term of his contract. Full details will
be disclosed on the Company's website in compliance with Section
430(2B) of the Companies Act 2006 in due course, and in the
Directors' Remuneration Report within the Company's Annual Reports
for the years ended 31 December 2024 and 31 December
2025.
Enquiries:
Eva Hatfield, Head of Investor
Relations 07553
340380
Media:
Martin Robinson/Olivia Peters, Teneo
020
7353 4200