David Davies, said: "After eight
years as Chairman, including four as Chief Executive, I have
decided to retire from Johnson Matthey and concentrate on other
business and public affairs activities. Johnson Matthey is in
good shape and I leave it in the capable hands of Michael Miles,
Chris Clark and their colleagues."
Michael Miles, a non-executive
Director, will replace Mr Davies as Chairman. Chris Clark, Chief
Operating Officer of Johnson Matthey, has been appointed Chief
Executive of the Company.
Johnson Matthey reports its preliminary
results on Thursday, 11th June.
Notes to Editors
Michael Miles has been
on the Board of Johnson Matthey since 1990. He is currently a
director of ING Baring Holdings Limited and John Swire and Sons
Limited. He is also a non-executive director of BP plc and BICC
plc. Mr Miles was previously Chairman of Cathay Pacific Airways
and Swire Group Hong Kong.
Chris Clark joined Johnson
Matthey in 1962 and has wide experience of the Company's activities.
After a number of management roles in the UK and abroad, he took
responsibility for the group's Platinum Marketing operations
in 1987. Two years later he took on additional responsibility
for the Colour and Print Division. He was appointed to the Board
in 1990 and in 1991 took over the Materials Technology Division,
relinquishing his previous positions. He became Group Managing
Director, Electronic Materials in 1995 before his appointment
as Chief Operating Officer of the group in July 1996. He was
also Chairman of Cookson Matthey Ceramics plc, Johnson Matthey's
former joint venture with the Cookson Group.
