TIDMVCT
RNS Number : 2233M
Victrex PLC
20 September 2021
20 September 2021
Victrex plc
Directorate change
Victrex appoints Dr Vivienne Cox CBE as a non-executive
director
and Chair-designate to succeed Larry Pentz
Victrex plc, an innovative world leader in high performance
polymer solutions, is pleased to announce that Dr Vivienne Cox CBE
has been appointed as a non-executive director and Chair-designate
of the Board, to succeed Larry Pentz. As previously communicated,
Larry will step down from the Board at the 2022 Annual General
Meeting, after nearly eight years as Chair, having previously
served as a non-executive director from 2008-2014.
The appointment will be effective from 1(st) December 2021 as a
non-executive director, as Chair-designate from 1(st) January 2022,
and as Chair following the Annual General Meeting on 11 February
2022 to ensure a smooth transition. A thorough search process was
led by Ros Rivaz, the Senior Independent Director.
Career history:
Vivienne Cox has a wealth of experience in executive and
non-executive roles over nearly 40 years, with a particular focus
on sustainability, innovation and alternative energy. She is
currently a non-executive Director of GlaxoSmithKline plc and Stena
AB in Sweden. Until recently she was Chair of Vallourec SA, a
global manufacturing company providing solutions to the energy and
industrial sectors . Vivienne was appointed Commander of the Order
of the British Empire (CBE) in 2016 for services to the economy and
sustainability .
Her executive career included 28 years at BP plc, where, after
joining as a graduate trainee, she was latterly CEO of BP
Alternative Energy, establishing and developing the Group's
renewable energy businesses. She also served on the Group Executive
Committee as CEO and Executive Vice-President of BP Gas, Power
& Renewables, one of the Group's three reporting segments.
Commenting on the appointment:
Vivienne Cox, Chair-designate of Victrex, said: "I am delighted
to be joining Victrex. The Group is emerging strongly from the
impact of COVID-19 and with significant growth opportunities and a
clear sustainability agenda through products offering environmental
and societal benefit, I believe we are particularly well positioned
for the years ahead.
"Victrex has a really talented team, a strong culture of
innovation, a purpose that seeks to bring transformational and
sustainable products to customers and society, an attractive
financial profile and a strategy in Polymer & Parts that
focuses on capturing further value in our chosen end markets. I
look forward to working with Larry to ensure a smooth transition,
and with the Board, Jakob, and the wider team as we seek to deliver
our short, medium and long-term growth opportunities."
Larry Pentz, Chair of Victrex, said: " It has been an honour and
privilege to be Chair of Victrex for the past seven years, and I
leave the Company in a strong position. Vivienne brings a wealth of
experience from throughout her career, particularly in supporting
and driving innovation across both small, medium and large listed
and private companies. This has a clear alignment to Victrex and
our Polymer & Parts strategy. I wish her well and look forward
to working with her through a smooth transition."
Jakob Sigurdsson, Chief Executive of Victrex, said: " On behalf
of the Board I would like to thank Larry for his outstanding
contribution over many years, initially as a non-executive director
and subsequently as Chair. His passion, determination, resilience
and experience have played a key part in ensuring Victrex is well
placed for the years ahead. He has been bold and ambitious where
required, such that we will benefit from the strong position he
leaves us with. We all wish him well for the future and I look
forward to working with Vivienne as we build on our progress."
There is no further information to be disclosed under Listing
Rule 9.6.13
Notes:
1/ Vivienne's previous non-executive roles include serving on
the Boards of Eurotunnel plc, BG Group plc and Rio Tinto plc, as
Senior Independent Director of Pearson plc and as the lead
non-executive director for the UK Department for International
Development. She also chaired Climate Change Capital, a private
asset management and advisory group developing solutions for
climate change and resource depletion. She is currently Chair of
the Rosalind Franklin Institute, and Deputy Chair of the Said
Business School in Oxford.
2/ Vivienne holds an MSc and MA (Honours) in Chemistry from
Oxford University, an MBA from INSEAD and honorary doctorates from
the University of Hull and the University of Hertfordshire.
Enquiries:
Victrex plc:
Andrew Hanson, Director of Investor Relations & Corporate Communications +44 (0) 1253 898121
+44 (0) 7809 595831
About Victrex:
Victrex is an innovative world leader in high performance
polymer solutions, focused on the strategic markets of Automotive,
Aerospace, Energy, Electronics and Medical. Every day, millions of
people rely on products or applications which contain our
sustainable materials, from smartphones, aeroplanes and cars to oil
& gas operations and medical devices. With over 40 years'
experience, we are moving beyond the polymer into semi-finished and
finished products which shape future performance for our customers
and our markets, provide environmental and societal benefit for
customers and drive value for our shareholders. Find out more at
www.victrexplc.com
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