Business
Board Change
Board Change.
About this update from Morgan Advanced Materials Plc
[{"type":"text","content":"\n \nRNS Number : 1164T Morgan Advanced Materials PLC 24 March 2016 \n\n \n \nRNS Announcement Morgan Advanced Materials Plc \n \nBoard change\n \n \nMorgan Advanced Materials announces that Kevin Dangerfield, Chief Financial Officer, is to leave the company after 16 years of service.\n \nKevin joined Morgan Advanced Materials in 2000 as Deputy Group Financial Controller. He was appointed to the Board on becoming Chief Financial Officer in August 2006.\n \nAndrew Shilston, Chairman, said:\n \n\"On behalf of the Board, I would like to thank Kevin for his contribution to the Company. During more than a decade and a half he has played a significant role in shaping the company and delivering a much improved financial performance. We also thank him for stepping up to the role of interim Chief Executive Officer prior to Pete Raby's arrival in August last year.\"\n \nKevin Dangerfield said:\n \n\"I have hugely enjoyed my time at Morgan and feel privileged to have played my part in building a stronger and more profitable business. I wish the company every success in the future.\"\n \nMr Dangerfield will leave the company on March 31. We will announce his successor in due course.\n \n \nEnquiries:\n\n\n\n\nPete Raby\n\n\nMorgan Advanced Materials\n\n\n01753 837000\n\n\n\n\nMike Smith/Nina Coad\n\n\nBrunswick\n\n\n0207 404 5959\n\n\n\n\n \n\n\n \nNotes to Editors:\nThe following payments will be made to Mr Dangerfield:\n· Mr Dangerfield will receive a one-off payment of £87,360 in connection with the termination of his employment.\n· Mr Dangerfield will remain an employee and director of the Company until 31 March 2016 and will continue to receive his contractual pay and benefits for that period.\n· The Company will make an initial payment on termination of £151,076 and two further payments of £141,076 gross to Mr Dangerfield, in lieu of notice for the remainder of his contractual notice period, made up of base salary, the cash equivalent of pension contributions and other benefits. These figures will be adjusted to reflect any additional payments that ...