Sector News

Synthomer appoints new CFO

November 28, 2021
Chemical Value Chain

Synthomer plc announced on the 25th Nov the appointment of Lily Liu as Chief Financial Officer (CFO). Lily will take up the role no later than 1 July 2022, succeeding Steve Bennett who announced in August 2021 that he would step down once a suitable successor was in place.

Lily is a highly experienced CFO with an impressive track record of building strong performing finance teams and creating business value through organic and inorganic growth. She has worked in the manufacturing and engineering sectors for over 20 years, and joins from Essentra plc, a FTSE 250 components and solutions business, where she has been CFO. Lily was previously CFO at Xaar plc, a UK listed inkjet technology developer, and Smiths Detection business, a division of Smiths Group plc. Lily was born in Beijing and holds a degree in Economics from the Shanghai University of International Business & Economics. She moved to Sydney, Australia where she completed an MBA and developed her career with an investment bank before joining the BOC group, with whom she had a varied and successful career and moved to work in the UK in 2003.

Lily is currently a Non-Executive Director and member of the Audit Committee of DCC plc, a FTSE 100 listed international sales, marketing and support services business.

Commenting, Michael Willome, Chief Executive Officer, said:

“I am delighted that Lily has accepted the Board’s offer to join Synthomer as Chief Financial Officer. She has a proven track record as a CFO and brings wide international business experience, having worked in the UK, Australia and Asia. I look forward to working with her to continue delivering on Synthomer’s value creation agenda. I would also like to thank Steve for his enormous contribution and commitment to the Company, and wish him every success for the future.”

Lily Liu added:

“I am very pleased to be joining Synthomer at an exciting point in the Company’s development following the acquisition of the Eastman Adhesives Resins business in 2022. I look forward to working with Michael and the team on delivering the integration benefits and building on the considerable success which Synthomer has achieved to date.”

By Synthomer, Press Release

Source: synthomer.com

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