Mondi mum on why chief to quit after less than three years

Business

Mondi mum on why chief to quit after less than three years

Peter Oswald leaves as firm grapples with lower volumes and higher costs that are weighing on profits

Siseko Njobeni

Paper packaging group Mondi’s chief executive is stepping down in March after less than three years in the role.

Peter Oswald, who took over the reins in May 2017, leaves while the company is executing big projects in Slovakia and Russia as part of its capital expenditure project pipeline.

It is grappling with lower volumes in certain segments and higher costs that are weighing on profits...

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