Croda International, the Snaith, East Yorkshire-based FTSE 100 speciality chemicals giant, announced that its chief financial officer Louisa Burdett intends to leave the company in June 2024 to become CFO at Spirax-Sarco Engineering plc.

Burdett has worked at Croda for about one year.

Croda said its board has commenced a search for Burdett’s successor.

Croda chair Anita Frew said: “On behalf of the board and all Croda colleagues, Steve Foots and I would like to thank Louisa for her contribution to the company.

“Louisa will leave with our best wishes next summer and in the meantime, a search for her successor is underway.

“A further announcement will be made in due course.”

Croda also confirmed that its trading is in line with previous guidance and that full year 2023 group adjusted profit before tax (PBT) is still expected to be between £300 million and £320 million.

“Principally due to recent currency movements, notably in Argentina, PBT is expected to be towards the lower end of that range,” said Croda.