The Mondi Group said that Anne Quinn will retire as an independent non-executive director of Mondi Limited and Mondi plc at the conclusion of the Annual General Meetings on 11 May 2017. Anne has served on the Boards since May 2007.
In response to her exit, joint chairmen, David Williams and Fred Phaswana, commented:
“We would like to take this opportunity to thank Anne for the significant contribution she has made to the Boards since the Mondi Group became independent in 2007. In particular, Anne has played a key role as Senior Independent Director and in relation to remuneration issues through her chairmanship of the DLC Remuneration Committee.
She leaves with our very best wishes for the future”.
As a result, also with effect from the conclusion of the Annual General Meetings:
(i)John Nicholas, an independent non-executive director and chair of the DLC Audit Committee, will succeed Anne Quinn as Senior Independent Director.
(ii) Tanya D Fratto will be appointed as a member of the DLC Audit Committee, subject to shareholder approval at the Annual General Meetings, and as chair of the DLC Remuneration Committee.
(iii) Dominique Reiniche will be appointed as a member of the DLC Sustainable Development Committee.
Statutory and regulatory disclosures:
As required by section 430(2B) of the UK Companies Act 2006: Mondi Group disclosed that Anne Quinn, upon retirement as a director of Mondi Limited and Mondi plc, will receive a payment of £10,409.56 representing the normal non-executive director’s fees payable in full to her retirement date for the period from 1 April to 11 May 2017.