Board and senior management changes
M.P. EVANS GROUP PLC
("The Group" or "M.P.Evans")
BOARD AND SENIOR MANAGEMENT CHANGES
The board of M.P. Evans, producer of sustainable palm oil, announces the following board and senior management changes, in addition to the previously announced retirement of Philip Fletcher from the board, due to take place on 31 July 2023.
K Chandra Sekaran
On 31 July 2023, K Chandra Sekaran ("Chandra") will retire from his role as President Director of PT Evans Indonesia, ("PT Evans"), the Group's Indonesian management company, the position he has held since he joined the Group in 2008. The board is, however, delighted that Chandra will continue to serve as a director, transitioning from executive to non-executive with effect from 1 August 2023. He will additionally perform a new advisory role, providing high-level advice to PT Evans Indonesia on a part-time basis. The board is extremely grateful to Chandra for the invaluable contribution he has made to the Group during a period of significant development and expansion, and to its success over the past 15 years.
Luke Shaw
On 1 August 2023, Luke, the Group's chief financial officer ("CFO"), will join the board. Luke joined the Group on 1 July 2022, having formerly held a senior finance position with Spectris plc. Luke has performed the role of CFO extremely ably and his promotion is welcomed by the board.
Ravichandran Krisnapillay
On 1 August 2023, Ravichandran Krisnapillay ("Ravi") will be promoted to the role of President Director of PT Evans. Ravi is a civil engineer by background and joined PT Evans in 2016, having formerly worked for Cargill and Goodhope Asia Holdings. He has an excellent knowledge of all aspects of plantation management and has been serving as the Group's director of operations for the last two years, working closely with Chandra. The board has enormous confidence in Ravi, to manage the Group's existing operations and to drive the continuing expansion of its sustainable palm-oil areas in line with its strategic objectives.
Peter Hadsley-Chaplin, chairman, commented:
"I have much pleasure in announcing these board and senior management changes which are wholly in line with the Group's succession plans. I am very confident of the ability of Chandra, Luke and Ravi to add further value to the Group in their respective new roles."
31 May 2023
Enquiries:
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M.P. Evans Group PLC |
+44 (0)1892 516333 |
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Peter Hadsley-Chaplin |
Executive chairman |
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Matthew Coulson |
Chief executive |
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Peel Hunt LLP (Nomad and joint broker) |
+44 (0)20 7418 8900 |
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Dan Webster, Andrew Clark, Lalit Bose |
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finnCap (Joint broker) |
+44 (0)20 7220 0500 |
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Tim Redfern, Harriet Ward |
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Hudson Sandler (Financial PR) |
+44 (0)20 7796 4133 |
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Charlie Jack, Francis Kerrigan, Amelia Craddock |
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