Caster Named Chairman of Morgan Advanced Materials Board of Directors as Shilston Retires

2018-07-11

Jul. 10, 2018 - The board of directors of Morgan Advanced Materials has announced that, after serving on the board for six years, Andrew Shilston intends to step down as chairman and retire from the board at the end of 2018. After the completion of a process led by Laurence Mulliez, senior independent director, to appoint Shilston’s successor, the board has announced that Douglas Caster, CBE, non-executive director, will be appointed chairman, effective January 1, 2019.

Shilston has served as chairman of Morgan Advanced Materials since August 1, 2012. Caster was appointed to the board on February 14, 2014, as an independent non-executive director. He acted as senior independent director from January 1, 2015, to December 8, 2017, and has acted as chairman of the Remuneration Committee since his appointment to the board in February 2014.

“The board would like to thank Andrew for his very considerable contribution to the group,” said Mulliez. “He has provided invaluable counsel and guidance to the management team in implementing the new strategy and re-shaping Morgan and leaves the group well positioned to achieve enhanced profitable growth. Andrew has completely renewed the membership of the board during his tenure and, on behalf of my fellow directors, I would like to thank him for his excellent chairmanship and wish him well for the future.”

The board will commence a process to select an additional non-executive director. “I am delighted to have been selected as the future chairman of Morgan Advanced Materials and look forward to continuing to contribute to the long-term success of the company,” said Caster.

The board also announced that Helen Bunch, non-executive director, will succeed Caster as chair of the Remuneration Committee, effective January 1, 2019.  She has served on the board since February 24, 2016, and as a member of the Remuneration Committee since her appointment.