Vesuvius announces Carl-Peter Forster to its Board as Non-Executive Director and next Chairman

– UK, London –  Vesuvius plc (LON: VSVS), a global leader in molten metal flow engineering and technology, today announced the appointment of Carl-Peter Forster to its Board as a non-executive Director and Chairman-designate, to succeed John McDonough who will step down from the Board on 1 December 2022.

Douglas Hurt, Senior Independent Director said: “We are delighted that Carl-Peter Forster has agreed to join Vesuvius as our Chairman. His breadth of corporate experience, in both an executive and non-executive capacity, will be of great value to the Board and the Company. I would also like to express my sincere thanks, and those of everyone on the Board and within Vesuvius, to John McDonough. John has served as Chairman with great distinction over the past nine years during which Vesuvius has flourished as a stand-alone business, and he leaves the Company in great shape for the future.”

About Carl-Peter Forster

Carl-Peter Forster has spent the majority of his career holding senior leadership positions in some of the world’s largest automotive manufacturers, including BMW, General Motors, and Tata Motors (including Jaguar Land Rover). Since he stepped down from Tata Motors in 2011, he has served as a director on a wide variety of public and private company boards, including IMI plc from 2012-to 2021, Rexam plc from 2014-to 2016, and Geely Automotive Holdings, Hong Kong, as well as Volvo Cars Group from 2013-2019.

Carl-Peter Forster is currently the Chairman of Chemring Group plc, the global supplier of technology to the aerospace, defense, and security markets, and Chair of the Shareholder Committee of Hella KGaA, the German automotive supplier. He is also Senior Independent Director at Babcock International Group plc.

In addition to his public company commitments, Carl-Peter currently holds directorships with several smaller companies, namely Energy Transition Partners B.V., Envisics Ltd, Gordon Murray Design Ltd (and associated subsidiaries), the advisory board of Kinexon GmbH, LeddarTech Inc, The Mobility House AG, and Lead Equities Fund Management GmbH (and associated companies). He also holds an advisory role with Geely Group.

In advance of joining the Vesuvius Board, Carl-Peter will step down from his Chairmanship of Hella KGaA and several board positions in smaller non-UK-based companies. He will also terminate his advisory role at Geely. He will continue as Chairman of Chemring Group plc and as Senior Independent Director at Babcock International Group plc. He will join the Board of Vesuvius on 1 November 2022 and will assume the position of Chairman with effect from 1 December 2022.

Carl-Peter Forster commented: “I am delighted to have been asked to chair Vesuvius’ Board. It is a Company with high-quality businesses, strong technology, and deep penetration in its chosen markets. The business has benefitted from strong leadership in its time as an independent Company. I greatly look forward to working with Patrick André and his executive team, and with the rest of the Board.”

About Vesuvius plc

Vesuvius is a global leader in molten metal flow engineering and technology principally serving process industries operating in challenging high-temperature conditions.

We develop innovative and customized solutions, often used in extremely demanding industrial environments, which enable our customers to make their manufacturing processes safer, more efficient, and more sustainable. These include flow control solutions, advanced refractories, other consumable products, and increasingly, related technical services including data capture.

We have a worldwide presence. We serve our customers through a network of cost-efficient manufacturing plants located close to their facilities and embed our industry experts within their operations, who are all supported by our global technology centers.

Our core competitive strengths are our market and technology leadership, strong customer relationships, well-established presence in developing markets, and our global reach, all of which facilitate the expansion of our addressable markets.

Our ultimate goal is to create value for our customers and to deliver sustainable, profitable growth for our shareholders giving a superior return on their investment whilst providing each of our employees with a safe workplace where they are recognised, developed and properly rewarded.

We think beyond today to create solutions that will shape the future for everyone.

For more information: https://www.vesuvius.com/

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