27th June 2016
Elementis – Appointment of CFO-Designate
Further to the announcement made on 18th May 2016, Elementis plc (ELM.L, “Elementis”, the
“Company” or “Group”), the FTSE 250-listed global specialty chemicals company, today announces
the appointment of Ralph Hewins as Group CFO-Designate to succeed Brian Taylorson when he
steps down from the role.
Ralph Hewins has been CFO of BP Lubricants since 2010, a global business that delivered EBIT of
c.$1.4bn in 2015 and is part of the BP group. Ralph has enjoyed a number of significant leadership
positions in a thirty year career with BP that includes roles in financial management, sales &
marketing, corporate development (M&A), strategy and planning, as well as his current CFO role. In
addition, he is also a non-executive Director on the Board of Castrol India, a company with a market
cap in excess of $2.5bn quoted on the Mumbai Stock Exchange, where he is a member of the Audit
and Remuneration Committees. He has served on this Board for over 5 years.
Ralph Hewins, 53, is a British citizen and has lived in Asia, Brussels, the Middle East and the UK. He
will be based in our corporate office in London. He holds an MA degree in Modern History and
Economics from the University of Oxford and an MBA from INSEAD.
Andrew Duff, Chairman of Elementis, said:
“On behalf of the Board, I am delighted that Ralph will be our next Group CFO. Ralph is an extremely
accomplished CFO who has a strong track record in finance, strategy implementation, managing
projects and delivering top-line growth and profitability. Ralph is eagerly looking forward to joining
Paul Waterman, our CEO, to drive improved business performance and profitability to take the
Company to the next stage of value creation.”
Ralph Hewins, CFO-Designate, said:
“I am really looking forward to joining Elementis. The Company has an impressive product portfolio,
operates in exciting growth markets and has strong customer relationships. I will aim to help the
management team drive business performance and growth, and ensure that we continue to create
value for our shareholders.”
A further announcement to confirm the effective dates of the above changes will be made in due
course.
The Company confirms that, other than Mr Hewins’ directorship of Castrol India Ltd., there are no
other matters requiring disclosure in relation to listing rule 9.6.13.
ENDS
Enquiries:
Elementis
Paul Waterman, CEO
Wai Wong, Company Secretary
FTI Consulting
Deborah Scott
Matthew Cole
+ 44 (0) 207 067 2999
+ 44 (0) 203 727 1000