Morgan Advanced Materials Eliminates COO Position; Hosty to Step Down in January
Following a review of group operations, Morgan Advanced Materials recently announced that regional presidents will report directly to Pete Raby, CEO. As a consequence, the role of chief operating officer (COO) will no longer be required.
Andrew Hosty, Ph.D., who has served as COO since February 2013, will continue to report directly to the CEO to provide advice on a review of business and future technology strategy. He will step down from the board and leave the company on January 8, 2016.
“On behalf of the board, I would like to thank Andrew for his considerable contribution to the company over more than 24 years of service, during which he has played a key role in transforming the results and prospects of the businesses he has led, and has helped to give Morgan strategic options for the future,” said Andrew Shilston, chairman. “He has also represented Morgan in the wider ceramics professional and academic community, in which his technical and commercial insights are well-respected.”
“It has been a privilege to work at Morgan and to help build a truly differentiated and profitable Materials Science business,” said Hosty. “I wish the group continued success.”
For more information, visit www.morganadvancedmaterials.com.