LSE- and JSE-listed packaging and paper group Mondi on Tuesday announced that Fred Phaswana, joint chairperson of the boards of Mondi Limited and Mondi, has informed the boards of his decision to retire.
Phaswana will retire after the completion of the company’s proposed simplification, which is expected to be in the second half of this year.
Joint chairperson David Williams will, meanwhile, retire in early 2020, after having served as joint chair for nine years, and almost 12 years on both boards.
The boards, led by senior independent director Stephen Harris, will start the search for a new chairperson.