– UK, London – Synthomer plc (LON: SYNT), today announced the appointment of Peter Hill CBE to its Board as an independent non-executive director and chair designate with effect from 1 September 2024, to succeed Caroline Johnstone as chair on 1 January 2025. The Group also announces the appointment of Uwe Halder to the board with effect from 1 September 2024.
The Honourable Alexander Catto will step down from the Board at the next AGM in May 2025.
About Peter Hill
Peter Hill brings to Synthomer strong public company governance and international manufacturing experience in a range of industries. He has served as non-executive chair of Keller Group plc since 2016, a role from which he will step down during the first half of 2025, having served approximately nine years. Previously, he was non-executive chair of Petra Diamonds Limited (2020-2023), Volution Group plc (2014-2020), Imagination Technologies plc (February 2017 until its sale in September 2017) and the specialty chemicals company Alent plc (2012-2015). He is currently the non-executive chair of The Nuclear Decommissioning Authority, a UK Government arm’s length body sponsored by the Department for Energy Security and Net Zero.
Peter Hill has also served as a non-executive director on the boards of Cookson Group plc, Meggitt plc, Essentra plc, and Oxford Instruments plc, and in similar roles for UK Trade and Investment and the Royal Air Force. He was CEO of Laird plc from 2002 to late 2011, transforming it from an industrial conglomerate into a focused electronics and technology company. He previously held senior management roles at BTR plc and Invensys plc and was an executive director on the board of Costain Group plc. Peter’s early career was spent with natural resources companies Anglo American, Rio Tinto, and BP Minerals.
Peter Hill said: “I look forward to leading the Synthomer board at such an important stage of the company’s evolution. Having emerged from a period of exceptional challenges in its industry, I believe that Synthomer has the strategy, people, market positions and financial strength to create substantial value for shareholders and other stakeholders in the years ahead.”
Peter Hill holds a BSc in engineering, an MBA from the London Business School, and is a chartered engineer.
About Uwe Halder
Uwe Halder is CEO of KLK OLEO Europe, part of the global oleochemical and manufacturing division of Kuala Lumpur Kepong Berhad, which is Synthomer’s largest shareholder. His entire career has been in the global chemicals industry. He has worked in the USA at BASF as president of DyStar USA, and in Europe at CHT/BEZEMA and Archroma before joining a business acquired by KLK OLEO. As a nominee of KLK, Uwe will be a non-independent, non-executive director upon appointment.
About Synthomer plc
Synthomer plc is a leading supplier of high-performance, highly specialized polymers, and ingredients that play vital roles in key sectors such as coatings, construction, adhesives, and health and protection – growing markets that serve billions of end users worldwide. Headquartered in London, UK, and listed there since 1971, we employ c.4,200 employees across our 4 innovation centers of excellence and more than 30 manufacturing sites across Europe, North America, and Asia. With more than 6,000 blue-chip customers and £2.0bn in continuing revenue in 2023, our business is built around three divisions, serving customers in attractive end markets where demand is driven by global megatrends including urbanization, demographic change, climate change, and sustainability, and shifting economic power. In Coatings & Construction Solutions, our specialist polymers enhance the sustainability and performance of a wide range of coatings and construction products. We serve customers in applications including architectural and masonry coatings, mortar modification, waterproofing and flooring, fiber bonding, and energy solutions. In Adhesive Solutions, our products help our customers bond, modify, and compatible surfaces and components for applications including tapes and labels, packaging, hygiene, tires, and plastic modification, improving permeability, strength, elasticity, damping, dispersion, and grip. In Health & Protection and Performance Materials, we are a world-leading supplier of water-based polymers for medical gloves, and a major European manufacturer of high-performance binders, foams, and other products serving customers in a range of end markets. Our purpose is to create innovative and sustainable solutions for the benefit of customers and society. Around 20% of our sales volumes are from new and patent-protected products. At our innovation centers of excellence in the UK, Germany, Malaysia, and Ohio, USA we collaborate closely with our customers to develop new products and enhance existing ones tailored to their needs, with an increasing range of sustainability benefits. Our 2030 decarbonization targets have been approved by the Science Based Targets initiative as being in line with what the latest climate science says is necessary to meet the goals of the Paris Agreement, and since 2021 we have held the London Stock Exchange Green Economy Mark, which recognizes green technology businesses making a significant contribution to a more sustainable, low-carbon economy.
For more: https://www.synthomer.com/
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