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Proactive Investors - Croda International PLC (LON:CRDA), the chemicals maker, has traded flat this morning despite having announced it poached finance chief Stephen Oxley from rival Johnson Matthey PLC (LON:JMAT).
Oxley will become CFO at Croda by no later than April 1 2025, departing from the same role at the speciality chemicals developer by no later than 31 March 2025, both companies' statements revealed.
Anthony Fitzpatrick, the president of strategy, corporate development & industrial specialities at Croda, will take over the role of CFO at the Snaith-based firm in the interim.
Oxley has worked in several industries including healthcare and industrial sectors across a 30-year career, having also been a partner at KPMG.
Danuta Gray, Croda's chair said: "Alongside his strong track record as a PLC chief financial officer incorporating strategic thinking and operational delivery, he brings valuable experience of audit and advisory roles for large, complex international companies across a number of relevant sectors."
Johnson Matthey shares also held flat this morning.