Elementis Plc
ELM:LN
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Overview
Company Profile
Elementis is a global specialty chemicals business with operations in North and South America, Europe and Asia Pacific. Founded in Liverpool in 1844, it operates three businesses: Specialty Products, Surfactants and Chromium. The group's largest division, Specialty Products, provides functional additives that enhance the flow characteristics and performance of its customers' products in applications such as paints and coatings, cosmetics, and oil and gas exploration. Elementis employs more than 1,300 people at over 30 locations worldwide.
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Corporate
Board of Directors
Andrew Duff
Chairman
Andrew Duff joined the Board as a non-executive director and Deputy Chairman on 1 April 2014 and was appointed non-executive Chairman and Chairman of the Nomination Committee on 24 April 2014, following the conclusion of the AGM. He has been non-executive Chairman of Severn Trent PLC, the FTSE 100 water and waste treatment services company, since July 2010 and was a non-executive director of Wolseley plc, the international plumbing and building materials company, between 2004 and December 2013, where he was also the Senior Independent Director and Chairman of the Remuneration Committee. From 2003 until 2009, he was Chief Executive Officer of npower, the successor entity to Innogy plc which in 2000 was demerged from, restructured and then sold by National Power to RWE, the German electricity and gas company, where he was also a member of the Group Executive Committee. Before that he spent 16 years at BP in downstream international markets. He holds a BSc (Honours) degree in mechanical engineering and is a member of the CBI President’s Committee, Trustee of Macmillan Cancer Support and Earth Trust and a Fellow of the Energy Institute.
Nick Salmon
Senior Independent Director
Nick Salmon was appointed a non-executive director on 20 October 2014 and Senior Independent Director with effect from 16 December 2014. He is a non-executive director of Interserve plc and independant chairman of South East Water Limited. He was a non-executive director of Acal plc between March 2015 and June 2015 and United Utilities Group plc between April 2005 and July 2014, where he was also the senior independent director between 2007 and 2014. He also served as the senior independent director of Asia Resource Minerals plc between January and June 2014. He was chief executive of Cookson Group plc from July 2004 to December 2012 when Cookson demerged to create two new listed companies, Vesuvius plc and the specialty chemicals company, Alent plc. He was formerly executive vice-president of Alstom S.A. and chief executive of Babcock International Group plc. He held other senior management positions that include at GEC and GEC Alsthom in the UK and France and the China Light and Power Company, Hong Kong. Nick holds a BSc. Degree in Mechanical Engineering and is a Fellow of the Royal Academy of Engineering.
David Dutro
Group Chief Executive
David Dutro was appointed Group Chief Executive in January 2007. He joined Elementis in November 1998 as President of Elementis Pigments then became President and Chief Operating Officer of Elementis Worldwide in October 2005. He was vice president and general manager of Universal Foods’ Dairy and Food Ingredient businesses (now Sensient Technologies Corp), and also spent time with ICI in their colours, polymer additives and surfactants businesses. David Dutro was born and educated in the US and holds a Bachelor of Science degree in marketing.
Brian Taylorson
Finance Director
Brian Taylorson was appointed Finance Director in April 2002. Before joining Elementis he was head of European chemicals M&A group at KPMG Corporate Finance. He joined KPMG in 2000 from the Dow Chemical Company where he held a number of positions in finance over a period of 17 years, living and working in several countries including the UK, South Africa, Switzerland, Canada and the United States. He holds an MA from Cambridge University, is a member of the Institute of Chartered Accountants in England and Wales and a member of the Association of Corporate Treasurers. He was a non-executive director of Fiberweb plc between September 2006 and August 2012.
Andrew Christie
Non-executive Director
Andrew Christie was appointed a non-executive director in August 2008 and Chairman of the Remuneration Committee on 1 October 2013. He has over 25 years of investment banking and international corporate finance experience. He is a partner of Smith Square Partners LLP, a corporate finance advisory firm, and before that was, until March 2008, a UK managing director in the European Investment Banking Group at Credit Suisse. In his prior role at Credit Suisse, he was head of Investment Banking, Asia Pacific, based in Hong Kong and, before that, held the same position with Barclays de Zoete Wedd. He is a non-executive director of Helios Underwriting plc and holds an MBA and a Bachelor of Science degree in engineering.
Steve Good
Non-executive Director
Steve Good was appointed a non-executive director on 20 October 2014. He is also a non-executive director of Zotefoams plc, Anglian Water Services Ltd and Cape plc, where he is also chairman of the remuneration committee. He was chief executive of Low & Bonar plc between September 2009 and September 2014. Prior to that role, he was managing director of its technical textiles division between 2006 and 2009, director of new business between 2005 and 2006, and managing director of its plastics division between 2004 and 2005. Prior to joining Low & Bonar he spent 10 years with BTP plc (now part of Clariant) in a variety of leadership positions managing international speciality chemicals businesses. He is a chartered accountant.
Anne Hyland
Non-executive Director
Anne Hyland was appointed a non-executive director in June 2013 and Chairman of the Audit Committee on 1 August 2013. She is CFO of Kymab Ltd a biopharmaceutical company funded by the Wellcome Trust and the Bill & Melinda Gates Foundation. Most recently, she was CFO and company secretary of BBI Diagnostics Group Ltd and FTSE-listed Vectura Group plc. Prior to her role at Vectura, she held a number of senior finance positions (including director of corporate finance) at then FTSE 100 Celltech Group plc, Medeva plc and KPMG. She is a chartered accountant (FCA), a corporate tax adviser (CTA – AITI) and holds a degree in business studies from Trinity College, Dublin. She is also a trustee of the charity Sustrans (sustainable transport) which campaigns for national cycling networks.
Wai Wong
Company Secretary
Wai Wong joined Elementis and was appointed Company Secretary in May 2007. He is a Fellow of the Institute of Chartered Secretaries and Administrators (“ICSA”). Prior to joining Elementis, he held a number of senior company secretarial positions including at John Menzies plc, ICSA and PricewaterhouseCoopers. Wai has a Bachelor’s degree in commerce and law from the University of Edinburgh and a Master’s degree in corporate and commercial law from Queen Mary College, University of London. He holds a CIPR diploma in crisis (response) communication management.