Directorate Change
October 23 2003 - 9:00AM
UK Regulatory
RNS Number:2420R
IMI PLC
23 October 2003
CHANGES IN NON-EXECUTIVE DIRECTORS AT IMI
IMI plc, the major international engineering solutions business, today announces
the following Board changes with effect from 1 November 2003:
* Sir Chips Keswick, who has been a non-executive director since 1994,
will retire as a director and the senior independent non-executive.
* Terry Gateley, aged 49, will be appointed to the Board as an independent
non-executive director. He qualified as a chartered accountant in 1976 and
worked with KPMG until 1999, where he was senior partner with responsibility
for the firm's 27 UK offices outside London. Since then he has been involved
in the management of, and as an investor in, a number of businesses. He is a
member of the Industrial Advisory Board of Alchemy and his current
directorships include Open and Direct Limited (chairman) and Jennings
Holdings Limited. His recent past directorships include two listed
companies, Pressac plc and United Assurance plc.
* The Audit Committee will be chaired by Terry Gateley and comprises IMI's
three independent non-executive directors (Terry Gateley, James Leng and
Brian Staples).
* The Remuneration Committee will be chaired by James Leng and comprises
IMI's three independent non-executive directors.
* The Nominations Committee will be chaired by the Chairman, Gary Allen,
and, in addition, comprises IMI's three independent non-executive directors
and the Chief Executive, Martin Lamb.
* Brian Staples, who joined the Board in 2000 and is the next longest
serving non-executive after Sir Chips, will become the senior independent
non-executive director.
Gary Allen, Chairman, said,
"I wish to thank Sir Chips for the very valuable contribution he has made to the
Board and its committees over the last nine years. At the same time, I would
like to welcome Terry Gateley to IMI. His appointment ensures that we maintain a
well balanced Board with a strong, independent non-executive presence".
- End -
For further information contact:
IMI plc
Graham Truscott, Communications Director Tel: 0121 717 3712
Weber Shandwick Square Mile
Peter Corbin Tel: 020 7067 0700
Information about IMI plc can be found on the website: www.imiplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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