Croda announce new senior board appointment

Croda International Plc (LON: CRDA) have seen their shares in green after the firm announced a new senior board appointment.

Croda International plc is a British speciality chemicals company based at Snaith in the East Riding of Yorkshire.

Shares in Croda jumped 1.31% to 4,940p on Monday morning. 16/12/19 11:35BST.

The FTSE100 listed firm has seen its shares in green, in much similar pattern to the other constituents in the FTSE100 index.

The FTSE100 index has seen a very strong start to the week of trading, as all firms saw their shares climb apart from four.

Noteworthy rises came from come from Glencore plc (LON: GLEN) who hit news headlines after the firm was subject to investigation by the Serious Fraud Office.

Shares in Glencore received a 4.07% boost to 234p, making it the biggest riser in the FTSE100. 16/12/19 11:14BST.

Additionally, British American Tobacco and Bunzl plc saw their shares rise drastically by 4.21% and 3.59% respectively.

Croda indirectly hit news headlines a few weeks back, when SkinBioTherapeutics PLC (LON: SBTX) secured an extended agreement with Croda for use in cosmetic applications.

Today, the firm has updated the market about the appointment of John Ramsay as a non-executive director, effective from the start of next year.

The chemicals company also said that Alan Ferguson will step down from his roles as senior non-executive director and audit committee chair from April 23, 2020.

Ramsey will take over as chair of the audit committee and Director Helena Ganczakowski will take on the role of senior independent director. Ganczakowski is currently chair of Croda’s remuneration committee as well as a member of its audit and nomination committees.

On his appointment to board of Croda, Ramsay will become a member of the audit, nomination and remuneration committees.

Chair Anita Frew commented: “John brings with him a wealth of financial, international and sector experience. I am delighted that Helena Ganczakowski is stepping up to become senior independent director. She has extensive board experience and has demonstrated strong leadership of the remuneration committee.”

She added: “Alan Ferguson has made an outstanding contribution to the board, both as audit committee chair and senior non-executive director, and, on behalf of the board and his colleagues, we thank him for all his advice and support and wish him all the best for the future.”

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