Johnson Matthey, a prominent British autocatalyst maker, plans to enhance its cash efficiency and reduce investment in hydrogen technologies.
This decision comes after pressure from Standard Investments, its largest shareholder, who demanded a strategic review and board overhaul.
Standard Investments’ call for action prompted Johnson Matthey to address concerns regarding their share price and shareholder returns. The company has acknowledged the necessity of improving shareholder value and has committed to revising strategies to meet these demands.
As part of this initiative, Johnson Matthey plans to adjust its executive remuneration schemes, putting a stronger focus on cash generation targets. They have also established a new investment committee dedicated to evaluating and improving cash delivery approaches.
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