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Johnson Matthey - Appointment of Chairman Designate

13 Jan 2011

Johnson Matthey Plc is pleased to announce the appointment of Tim Stevenson OBE to succeed Sir John Banham as its Chairman.

Tim Stevenson has agreed to join the board as Chairman Designate with effect from 29th March 2011. It is the board's intention that Tim will be appointed as Chairman of the board with effect from the AGM in July 2011 when Sir John retires having served since January 2006 as a non-executive director and since April 2006 as Chairman.

Tim Stevenson, aged 62, has been Chairman of The Morgan Crucible Company plc since December 2006. He was Chairman of Travis Perkins plc from November 2001 to May 2010. He was a non-executive Director of Tribal Group plc from 2004 to 2008 and was latterly the Senior Independent Director. From 2001 to 2005 Tim was Senior Independent Director and Chair of the Audit Committee at National Express plc. From 2000 to 2004 he was non-executive Director of Partnerships UK plc. From 1975 to 2000 Tim held a variety of senior management positions at Burmah Castrol plc, including Chief Executive from 1998 to 2000. He is a qualified barrister and is Lord Lieutenant of Oxfordshire.

There are no other disclosures required in respect of Tim Stevenson pursuant to Rule 9.6.13 of the Listing Rules of the Financial Services Authority.

Commenting on the appointment, Sir John Banham, Chairman of Johnson Matthey, said:

"I am delighted that the board of Johnson Matthey has chosen Tim Stevenson as my successor as Chairman. Tim has had a most distinguished career and is a very experienced chairman who will ensure that the company continues its successful record of delivering value to shareholders."

Neil Carson, Chief Executive of Johnson Matthey, commented:

"I am delighted to welcome Tim Stevenson as the future Chairman of Johnson Matthey. I would also like to take this opportunity to thank Sir John Banham for his contribution to the success of the company over the last 5 years."