LONDON - Johnson Matthey (LON:JMAT) PLC, a global leader in sustainable technologies, announced today the appointment of Richard Pike as its new Chief Financial Officer Designate, effective immediately, with a formal role on the company’s Board beginning April 1, 2025. Pike will take over from the current CFO, Stephen Oxley, who will step down on March 31, 2025, to ensure a smooth transition.
Pike joins Johnson Matthey from DS Smith (LON:SMDS) Plc, where he served as Group Finance Director since March 2023. His background includes significant experience in the manufacturing and recycling sectors, with a focus on enhancing cash flow and improving cost efficiencies. Prior to his role at DS Smith, Pike held CFO positions at Biffa plc and Boparan Holdings Limited, and executive roles at AB Sugar and British Sugar. He is also a trained chartered accountant, having started his career with PwC.
Liam Condon, Chief Executive of Johnson Matthey, expressed confidence in Pike’s capabilities, stating that his financial leadership is crucial for the company’s ongoing transformation strategy aimed at increasing cash generation and stakeholder value.
In parallel, Johnson Matthey is initiating a search for a new Chair as Patrick Thomas has announced he will not seek re-election at the upcoming AGM on July 17, 2025. Thomas, who has held the position since 2018, will step down immediately following the AGM, marking the end of nearly seven years of service. The company’s Nomination Committee is handling the search for Thomas’s successor.
The Board continues to consider new director appointments to support the company’s transformation strategy. Pike’s remuneration aligns with Johnson Matthey’s Directors’ Remuneration Policy, and termination arrangements for Stephen Oxley will be disclosed on the company’s website and in the 2025 Annual Report and Accounts, as per the company’s policy and legal requirements.
This announcement is based on a press release statement from Johnson Matthey PLC.
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