Mondi group announces by a press release on 12 July 2024 that their non-executive director has changed. They are also pleased to announce the appointment of Sucheta Govil as an independent non-executive director. Which will effective on 1 October 2024. Sucheta will replace Dominique Reiniche, who will retire from the Board on 30 September 2024. Dominique has served since October 2015.
Sucheta Govil’s Appointment
Mondi’s Chair, Philip Yea, expressed gratitude for Dominique’s contributions, “I would like to take this opportunity to thank Dominique for her significant contribution to Mondi since her appointment in 2015. Dominique has played an important role in her nine years on the Board, particularly as chair of the Sustainable Development Committee, a role she has held for more than six years, and more recently as Senior Independent Director. She leaves with our very best wishes for the future.”
He added to welcome Sucheta Govil, “We are delighted that Sucheta will be joining the Board. She has extensive commercial and operational leadership experience having held senior positions across a range of sectors. Her experience operating in multinational industrial businesses will add to the Board’s knowledge and insight and we look forward to her joining us.”
About Sucheta Govil
Sucheta started her career with GlaxoSmithKline plc, spending 17 years in various management roles. She joined PepsiCo Inc in 2003, and in 2011, became Global Head of Marketing, Decorative Paints at Akzo Nobel NV. In 2015, Sucheta became Chief Marketing Officer of DSM NV, and in 2019, she assumed her current role as Chief Commercial Officer at Covestro AG. Sucheta was a non-executive director of Eurocell plc from 2018 to 2022. She holds a degree in Economics with Mathematics from Delhi University and an MBA from the Indian Institute of Management, Calcutta.
Board Changes Effective on 1 October 2024
As a result of Dominique’s retirement, the following changes will also take effect from 1 October 2024:
Sue Clark,Mondi Group’s independent non-executive director, will become Senior Independent Director and chair of the Remuneration Committee.
Dame Angela Strank, Mondi Group’s an independent non-executive director, will become chair of the Sustainable Development Committee.
An another independent non-executive director, Anke Groth. He will become the non-executive director responsible for engaging with employees on behalf of the Board.
Compliance and Remuneration
There are no other details that require disclosure in respect of Sucheta’s appointment pursuant to Rule 9.6.13 of the UK Listing Rules.
Pursuant to section 430(2B) of the UK Companies Act 2006, Dominique will receive her normal fees for the period to 30 September 2024. The Board will not make any additional remuneration or payment for loss of office in connection with her retirement.
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