Morgan Advanced Materials plc
5 May 2022
Further to the announcement made on 6 May 2021, Morgan Advanced Materials plc ('Morgan', the 'Company') confirms that Peter Turner will retire as Chief Financial Officer and step down from the Board on 30 May 2022.
Richard Armitage, whose appointment was announced on 15 October 2021, will join Morgan's Board and be appointed Chief Financial Officer on the same day.
For further enquiries:
Pete Raby Morgan Advanced Materials plc 01753 837 000
For the purposes of section 430(2B) of the Companies Act 2006, Peter will receive his salary and benefits until 30 June 2022 as his employment with Morgan continues to that date, but he will not receive any payment for loss of office.
As disclosed in the Company's 2021 annual report, Peter will be treated as a good leaver for variable pay purposes and his salary, bonus and outstanding incentive awards will be treated in accordance with the shareholder-approved Remuneration Policy.