BusinessLive reports that paper and packaging group Mondi has appointed its CFO as CEO with effect from April.  Andrew King replaces Peter Oswald, who took over the reins in May 2017.  

The appointment comes as the company executes big projects in Slovakia and Russia as part of its capital expenditure project pipeline.  The group is grappling with lower volumes in certain segments and higher costs that are weighing on profits.  King has spent 17 years at Mondi in various strategy, business development and finance roles.  “He has been instrumental in defining the group’s strategic direction since listing and I am confident he will bring significant insight and leadership to the role of CEO,” Mondi chair David Williams indicated.  Mondi said it would begin looking for a new CFO immediately.

• Read the original of the report in the above regard by Karl Gernetzky at BusinessLive

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