2nd Jul 2018 09:15
LONDON (Alliance News) - FTSE 250-listed ceramic manufacturer Morgan Advanced Materials PLC said Monday that Chairman Andrew Shilston will retire at the end of the year.
Shilston will be replaced by Douglas Caster, who is currently chairman of FTSE 250-listed defence, security, transport and energy company Ultra Electronics Holdings PLC.
"The board would like to thank Andrew for his very considerable contribution to the group. He has provided invaluable counsel and guidance to the management team in implementing the new strategy and re-shaping Morgan and leaves the group well positioned to achieve enhanced profitable growth. Andrew has completely renewed the membership of the board during his tenure and, on behalf of my fellow directors, I would like to thank him for his excellent chairmanship and wish him well for the future," said Senior Independent Director Laurence Mulliez.
Shares in Morgan Advanced Materials were down 1.3% at 322.46 pence on Monday.
Related Shares:
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