Spirax-Sarco Engineering PLC Board Change (6893F)
March 11 2020 - 2:05AM
UK Regulatory
TIDMSPX
RNS Number : 6893F
Spirax-Sarco Engineering PLC
11 March 2020
News Release
11th March 2020
Board C h a nge
Spirax -Sar co Enginee ring plc, the w o rld leader in thermal
energy management, peristaltic pumping and associated fluid path
technologies, announces that Kevin Boyd, Chief Financial Officer
and Executive Director, has informed the Board of his desire and
intention to retire from the Group before the end of 2020,
following an orderly handover of his duties to a successor.
The Board has initiated a process to search for a suitable
external candidate to succeed Kevin and will make a further
announcement concerning the appointment of a new Chief Financial
Officer once that process has been completed.
Commenting on Kevin's retirement, Jamie Pike, Board Chair,
said:
"On behalf of the shareholders, the Board acknowledges with
gratitude the significant contribution to the Group's growth and
prosperity made by Kevin and we wish him a happy and healthy
retirement. We understand his wish to leave the executive world
behind, dedicate more time to other personal projects and pursue a
non-executive career."
Nicholas Anderson, Group Chief Executive, said:
"During his four years with the Group, Kevin's knowledge and
experience has been instrumental in helping me guide the business
through significant challenges and in our pursuit of continuous
growth and prosperity for all our stakeholders. I am personally
very grateful for his support and contributions, which have earned
him the highest respect from shareholders, the Board and
colleagues. We all thank him and wish him the very best in the next
chapter of his life."
Kevin Boyd, Chief Financial Officer, stated:
"It has been a pleasure and a privilege to have been a part of
such a successful company. When my predecessor retired, he
described Spirax as a "unique company". At the time, I thought this
might be an over exaggeration, now I'm not so sure. I would like to
thank Nick and the team for their support and to wish them every
success as they continue to navigate the company on its remarkable
growth story. I look forward to working with my successor on a
smooth transition."
En q ui r i es:
Jamie Pike, Chair
Nicholas Anderson, Group Chief Executive
Tel: 01242 535234
Citigate Dewe Roger son
To by Mountf o rd
Tel: 02 07 638 9571 / 07710 356611
About Spirax--Sarco Engineering plc
Spirax--Sarco Engineering plc is a thermal energy management and
niche pumping specialist. It comprises three world--leading
businesses: Steam Specialties, for the control and management of
steam; Electric Thermal Solutions, for advanced electrical process
heating and temperature management solutions; and Watson-Marlow,
for peristaltic pumping and associated fluid path technologies. The
Steam Specialties and Electric Thermal Solutions businesses provide
a broad range of fluid control and electrical process heating
products, engineered packages, site services and systems expertise
for a diverse range of industrial and institutional customers. Both
businesses help their end users to improve production efficiency,
meet their environmental sustainability targets, improve product
quality and enhance the safety of their operations. Watson--Marlow
Fluid Technology Group provides solutions for a wide variety of
demanding fluid path applications with highly accurate,
controllable and virtually maintenance free pumps and associated
technologies.
The Group is headquartered in Cheltenham, UK, has strategically
located manufacturing plants around the world and employs over
8,000 people, of whom over 1,600 are direct sales and service
engineers. Its shares have been listed on the London Stock Exchange
since 1959 (symbol: SPX) and it is a constituent of the FTSE 100
Index.
Further information can be found at
www.spiraxsarcoengineering.com
RNS filter: Inside information prior to release
LEI 213800WFVZQMHOZP2W17
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOAJMMMTMTJBTFM
(END) Dow Jones Newswires
March 11, 2020 03:05 ET (07:05 GMT)
Spirax (LSE:SPX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Spirax (LSE:SPX)
Historical Stock Chart
From Jul 2023 to Jul 2024