29th Sep 2014 06:52
LONDON (Alliance News) - Morgan Advanced Materials PLC said Chief Executive Mark Robertson Monday announced his intention to step down from the company to take up the position of CEO of an undisclosed private equity-backed business.
Robertson has served as CEO of the FTSE 250-listed company since August 2006; during this time he has "led the transformation of Morgan Advanced Materials from diversified engineering conglomerate to focused advanced materials company. The change has enabled the company to deliver a higher quality revenue stream and to lift margins significantly," said the company in a statement Monday.
Morgan Advanced Materials said it has commenced the process of recruiting a successor and is considering internal and external candidates for the role. Robertson will continue as CEO until a replacement is appointed in the New Year, said the company.
Morgan Advanced Materials is a materials technology company which designs and manufactures a wide range of products across multiple sectors and geographies.
By Alice Attwood; [email protected]; @AliceAtAlliance
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