Johnson Matthey elects Covestro CEO as next chairman
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Johnson Matthey elects Covestro CEO as next chairman

7:13 AM, 2nd May 2018
Johnson Matthey elects Covestro CEO as next chairman
Patrick will join the board as non-executive director and chairman designate on 1st June 2018.

ROYSTON, UK: Johnson Matthey Plc has elected Patrick Thomas, CEO of Covestro AG as its next chairman. Patrick will succeed Tim Stevenson, who retires after seven years in the company.

Patrick will join the board as non-executive director and chairman designate on 1st June 2018. He will be appointed as chairman of the board with effect from the end of the Annual General Meeting on 26th July 2018 when Tim Stevenson retires.

Patrick has deep experience in leading international speciality chemicals businesses. He brings to Johnson Matthey an impressive track record of driving growth through science and innovation across global markets. Since 2015 Patrick has been CEO and Chairman of the Board of Management of Covestro AG, a world-leading polymers business.

Patrick also has strong board experience. He is currently an independent non-executive director of Akzo Nobel N.V., the paints, coating and speciality chemicals group. He was previously an independent non-executive director and member of the audit and remuneration committees of BG Group plc from December 2010 to February 2016.

"I am thrilled that the board has chosen Patrick to succeed me as chairman. Patrick brings a valuable combination of extensive board experience and recent executive leadership of major global organisations. I am confident that he will successfully steer Johnson Matthey to deliver continued value for our shareholders as we pursue our vision to make the world a cleaner and healthier place," said Tim Stevenson.

"I am delighted to welcome Patrick as the future chairman of Johnson Matthey and look forward to working with him as we deliver our growth strategy," said Robert MacLeod, chief executive of Johnson Matthey.

“I am really excited to be joining Johnson Matthey, a company with a strong reputation for science and a great team of people. I am looking forward to joining the board as we continue to evolve and grow, creating value for our shareholders and for the world around us,” added Patrick Thomas.

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