Victrex announces Richard Armitage as upcoming Group Finance Director

– UK, Thornton Cleveleys – Victrex plc (LSE:VCT), an innovative world leader in high performance polymer solutions, announces that Louisa Burdett has notified the Board of her intention to step down during 2018 after completing over four successful years as Group Finance Director of the Company. Louisa will work through an orderly transition with Richard Armitage, currently Group Finance Director at Samworth Brothers, who has been appointed as her successor. Richard will join Victrex on 9 April 2018, taking over as Group Finance Director from that date.

Larry Pentz, Chairman of Victrex, said: “We are very grateful to Louisa for her contribution to Victrex since 2014. We have benefited from her financial discipline, cost efficiency focus, the recent Patent Box outcome and our capital allocation policy. Louisa’s intention to step down reflects her desire to further progress her career after four successful years, as well as the natural transition alongside Dave’s recent retirement as CEO, and the Board wishes her well.”

“The Board is delighted that Richard has agreed to join Victrex. He is a proven and commercially focused Finance Director, with listed company experience across several sectors, including in materials and manufacturing companies. Richard will provide strong support to Jakob and our Executive team as we focus on delivering our Polymer & Parts strategy.”

Jakob Sigurdsson, Chief Executive of Victrex, said: “I am very much looking forward to working with Richard as part of the Executive team. He joins at a good time for Victrex, with a healthy core business, a strong pipeline of new products and a highly cash generative business model. I would also like to thank Louisa for the support she has given me since joining Victrex and wish her well as she further develops her career.”

About Victrex

Victrex is an innovative world leader in high performance polymer solutions, focused on the strategic markets of Automotive, Aerospace, Energy (including Manufacturing & Engineering), Electronics and Medical. Every day, millions of people rely on products or applications which contain our materials, from smartphones, aeroplanes and cars to oil & gas operations and medical devices. With over 35 years’ experience, we develop world leading solutions in PEEK and PAEK-based polymers, semi-finished and finished parts which shape future performance for our customers and our markets, and drive value for our shareholders.

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