Spirax-Sarco Engineering PLC Directorate Change (7661B)
October 12 2020 - 4:00AM
UK Regulatory
TIDMSPX
RNS Number : 7661B
Spirax-Sarco Engineering PLC
12 October 2020
12th October 2020
BOARD CHANGE
Spirax-Sarco Engineering plc, the world leader in thermal energy
management, peristaltic pumping and associated fluid path
technologies, announces that Neil Daws, Managing Director, Steam
Specialties and Executive Director, has informed the Board that he
wishes to retire after over 42 years of service. Neil will retire
from the Steam Specialties business and the Board on 31st December
2020.
Neil joined the Group in September 1978 as an Apprentice and
during his early career held positions in production and design
engineering, including Product Director in 1996, prior to being
named as UK Supply Director in 2003. Subsequently, Neil held the
position of Director for most of the Divisions of the Steam
Specialties business, including Asia Pacific, Latin America and
Global Supply Chain, when he was also responsible for the Group's
Health, Safety and Environmental matters. In 2013, Neil became
Divisional Director for Europe, Middle East and Africa before being
promoted to Managing Director of the Steam Specialties business in
September 2018. Neil was appointed to the Spirax-Sarco Engineering
plc Board in 2003.
The internal selection process for the next Managing Director of
Steam Specialties is progressing well. Following the appointment,
there will be a handover period between Neil and his successor to
achieve an orderly transition for the business. Neil's successor
will not become an Executive Director of the Board.
The Board is progressing the search for a new independent
Non-Executive Director. Following Neil's retirement and this new
appointment, the only Executive Directors on the Board will be the
Group Chief Executive and the Chief Financial Officer.
Commenting on Neil's retirement, Jamie Pike, Chair, said:
"On behalf of the shareholders, the Board acknowledges with much
gratitude the significant contribution to the Group's growth and
prosperity made by the Steam Specialties business under Neil's
leadership in many diverse and important roles. We understand
Neil's wish to step down from a full time executive role and retire
after such a long and successful period of service."
Nicholas Anderson, Group Chief Executive, said:
"During his time with the Group, Neil has made unparalleled
contributions to its successful geographic expansion, market
penetration, performance improvement, culture and strategy earning
him the highest respect from the Board and all his colleagues. We
are all very grateful to Neil and wish him the very best in the
next chapter of his life."
Enquiries:
Nicholas Anderson, Group Chief Executive
Nimesh Patel, Chief Financial Officer
Tel: 01242 535234
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 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
7,800 people, of whom close to 1,800 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
and the FTSE4Good indices.
Further information can be found at
www.spiraxsarcoengineering.com
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