DS Smith PLC - London-based packaging firm - Appoints Richard Pike as group finance director and executive director, subject to his election at the company's September 2023 annual general meeting. Pike joins from Biffa PLC, a High Wycombe, England-based waste management company, where he has resigned as both a director and the chief financial officer.

Pike's departure date from Biffa is expected to be no later than April 30, 2023. He will take on his new role at DS Smith with effect from Adrian Marsh's retirement next summer.

DS Smith Chief Executive Officer Miles Roberts says: "We are delighted that Richard is joining us at a very exciting time for DS Smith. Richard has an excellent track record as a CFO in manufacturing businesses and great experience in the recycling and sustainability sectors."

Biffa CEO Michael Topham says: "Richard has contributed significantly to the strong performance of our business and the development and delivery of our strategy, as we have repositioned Biffa as an enabler of the circular economy."

Current DS Smith stock price: 306.50 pence, up 0.7% on Friday morning in London

12-month change: down 20%

Current Biffa stock price: 407.60p, up 0.2% on Friday morning

12-month change: up 14%

By Holly Beveridge; hollybeveridge@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.