Packaging company Mondi has announced that Peter Oswald will step down as CEO and will leave the group on 31 March 2020.
Current CFO Andrew King has agreed to take on the role of interim CEO after Oswald steps down and until a successor is appointed.
Mondi’s nominations committee has begun the process of searching for a successor to Oswald.
“Peter has made an immense contribution to the growth and development of Mondi since joining in 1992, most notably during his tenure as chief executive officer of the former Europe and international division and subsequently as CEO,” said David Williams, chair of Mondi.
“His drive to grow the business and his focus on ensuring Mondi’s long-term sustainable future have been invaluable to Mondi. The board thanks Peter for his contribution to the group and wishes him all the best for the future.”
Peter Oswald added: “It has been an honour to have worked for Mondi and I am extremely proud of what we have achieved together. While I am sad to be leaving, I know the group is in the hands of a strong board and an experienced senior management team that will ensure its continued success.”
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