Mondi has announced that Mike Powell will be appointed as its new group chief financial officer (CFO) and as an executive director of Mondi plc.
The firm said the effective date of Powell’s appointment will be announced in due course. He succeeds Andrew King who was appointed as Mondi’s group chief executive officer in April 2020.
Powell has a Bachelor of Science in Computer Science and Accounting from the University of Manchester and is an associate of the Chartered Institute of Management Accountants.
He started his career at Pilkington plc, spending 15 years in a variety of finance and operational roles. He then went on to become CFO at Nippon Sheet Glass and then AZ Electronic Materials plc.
He was subsequently appointed group finance director at BBA Aviation plc before taking up his current role as group chief financial officer at Ferguson plc.
Mondi added that Powell will be appointed to its executive committee with effect from his
appointment to its board.
King said: “We are delighted that Mike will be joining the Mondi team. He has significant financial and strategic experience having been chief financial officer and an executive director of a number of large international listed companies, most recently Ferguson plc.
“We are confident that Mike’s clear operational focus, strong leadership experience and knowledge of operating in large industrial groups across a variety of geographies will be instrumental in driving forward Mondi’s strategy.”
Powell added: “I am excited to be joining Mondi as CFO and look forward to working with Andrew, the board and Mondi colleagues to continue to develop and grow the business, delivering Mondi’s strategy and helping to ensure its long-term sustainable future.”