ITV chair Cosslett tapped to chair Johnson Matthey

(Sharecast News) - Johnson Matthey announced the appointment of Andrew Cosslett as its new non-executive chair, effective immediately following the conclusion of its annual general meeting on Thursday. He was succeeding Patrick Thomas, who had stepped down from the board.

The FTSE 250 company said Cosslett, an experienced chair with a background in transformational change and shareholder value creation, would bring extensive leadership experience across sectors including consumer goods, hospitality, and media.

"I am delighted to welcome Andrew to Johnson Matthey as chair," said Liam Condon, chief executive of Johnson Matthey.

"He brings a wealth of experience and strategic perspectives with a clear focus on high performance, and I am confident he will provide strong leadership to the board and valuable support to the executive team as we deliver the next phase of our strategy."

He currently serves as chair of ITV and previously held senior roles at Kingfisher, the Rugby Football Union, InterContinental Hotels Group, and Fitness First.

"Johnson Matthey is a business with a proud heritage," commented Cosslett.

"I'm excited to join at such a pivotal time, with the sale of Catalyst Technologies to be completed and the business transitioning to focus on sustainable cash generation.

"I look forward to working with the team to deliver long-term value for all our stakeholders."

In a separate statement, ITV confirmed Cosslett's appointment as chair of Johnson Matthey.

He would also serve as chair of Johnson Matthey's nomination committee and sit on its societal value committee.

At 0912 BST, shares in Johnson Matthey were up 0.81% at 1,862p, while those in ITV were flat at 79.55p.

Reporting by Josh White for Sharecast.com.