RHI Magnesita N.V. Update on position of Chief Financial Officer (5614B)
September 21 2018 - 6:21AM
UK Regulatory
TIDMRHIM
RNS Number : 5614B
RHI Magnesita N.V.
21 September 2018
RHI Magnesita N.V.
("RHI Magnesita" or the "Company")
UPDATE ON POSITION OF CHIEF FINANCIAL OFFICER
Vienna/London, 21(th) September 2018
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
On June 5, 2018, RHI Magnesita announced that Octavio Pereira
Lopes, its CFO and Executive Director, had informed the Board of
his intention to leave the Company by the end of 2018 and return to
Brazil. The Company also announced that a broad search process to
appoint his successor was being put into effect.
RHI Magnesita is pleased to announce today that Ian Botha,
currently CFO of Anglo American Platinum, has been nominated as its
new CFO and Finance Director for appointment in the 2019 Annual
General Meeting. Ian will join our Company on 1 April 2019. Octavio
Lopes, will until his departure, focus on delivering the final
steps of the merger between RHI and Magnesita. In the period until
Ian Botha commences with the Company, Eduardo Gotilla, the VP of
Corporate Finance and Investor Relations will with immediate effect
assume the role of acting CFO of RHI Magnesita. As the former CFO
of Magnesita he has played a pivotal role in the integration of the
finance organisation into RHI Magnesita, and also successfully led
the refinancing of the Company. He will continue to deliver the CFO
agenda.
Commenting on this announcement, Stefan Borgas, the CEO of RHI
Magnesita said:
"Ian has enjoyed a highly successful international career with
Anglo American in the related mining and metals industry, latterly
as CFO of Anglo Platinum. His significant experience in finance
& accounting, investor relations and governance, as well as his
excellent business acumen and track record in financial and
performance improvements makes him an ideal appointment.
Additionally, his fit with RHI Magnesita's management culture and
complementarity with our Company's top leadership team further adds
to Ian's credentials".
The Chairman of RHI Magnesita, Dr Herbert Cordt commented:
"This appointment reflects RHI Magnesita's fundamental strengths
and exciting prospects in being able to attract someone with Ian's
track record and capabilities. Together, Stefan and Ian will be a
formidable combination and with my fellow Directors I look forward
to welcoming Ian to our Board".
No further information is required to be disclosed under 9.6.13
of the UK Listing Rules.
Enquiries:
RHI Magnesita N.V.
Guy Marks, Head of Investor Relations
Tel +44 (0) 7741 730681
E-mail: guy.marks@rhimagnesita.com
Stefan Rathausky, Head of Corporate Communications
Tel +43 50213-6059
E-mail: stefan.rathausky@rhimagnesita.com
About RHI Magnesita
RHI Magnesita is the global leading supplier of high-grade
refractory products, systems and services which are indispensable
for industrial high-temperature processes exceeding 1,200degC in a
wide range of industries, including steel, cement, non-ferrous
metals, and glass, among others. With a vertically integrated value
chain, from raw materials to refractory products and full
performance-based solutions, RHI Magnesita serves more than 10,000
customers in nearly all countries around the world.
The Company has unmatched geographic diversification with more
than 14,000 employees in 35 main production sites and more than 70
sales offices. RHI Magnesita intends to use its global leadership
position in terms of revenue, greater scale, complementary product
portfolio and diversified geographic presence around the world to
target opportunistically those countries and regions benefitting
from more dynamic economic growth prospects.
Its shares have a premium listing on the London Stock Exchange
(symbol: RHIM) and are a constituent of the FTSE 250 index.
For more information please visit: www.rhimagnesita.com.
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contact rns@lseg.com or visit www.rns.com.
END
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