Business
CFO Intention to retire
Morgan Advanced Materials plc announced that Chief Financial Officer Richard Armitage intends to retire in the first half of 2027, with a process to identify his successor already underway to ensure a smooth transition. The company expressed gratitude for Armitage's contributions to strategy development and transformation programs. No further financial details or specific retirement dates were disclosed at this time. Disclaimer*
About this update from Morgan Advanced Materials Plc
Press Release Morgan Advanced Materials plc 7 May 2026 CFO Intention to retire Directorate Change Morgan Advanced Materials plc announces that Richard Armitage has informed the Board of his intention to retire as Chief Financial Officer. Richard will step down from his role and the Board during the first half of 2027. The Board has commenced a process to identify a successor and will make a further announcement in due course. Richard's retirement date should allow for a seamless handover to his successor. Ian Marchant, Chair of Morgan Advanced Materials, said: "Although he will not be leaving us for some time, I would like to take this opportunity, on behalf of the Board, to thank Richard for his support and invaluable contribution to Morgan. He has helped position the organisation for margin enhancing growth and led several transformation programmes. His contribution has been essential to designing our new strategy: 'Unlocking our Potential', and in leading its implementation." The company will provide an update once Richard's retirement date has been confirmed. There are no further details to be disclosed under UK Listing Rule 6.4. For further information, please contact: Richard Armitage, CFO Morgan Advanced Materials 01753 837 000 Nicholas Frost, Investor Relations Media enquiries: Nina Coad Brunswick 0207 404 5959 This announcement contains inside information. The person responsible for arranging the release of this announcement on behalf of Morgan Advanced Materials plc is Richard Armitage, Chief Financial Officer. The Company's LEI number is I4K14LL95N2PHDL7EG85.
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