TIDMVSVS
RNS Number : 8425G
Vesuvius plc
30 November 2020
30 November 2020
Vesuvius plc
Non-executive Director Appointment and Succession
Vesuvius plc, a global leader in molten metal flow engineering
and technology, is pleased to announce the appointment of Kath
Durrant as a Non-executive Director of the Company with effect from
1 December 2020.
Kath joins the Board as an additional Independent Non-executive
Director and will serve on the Audit, Remuneration and Nomination
Committees. Furthermore, Kath will succeed Jane Hinkley as
Remuneration Committee Chair at the close of the 2021 AGM,
following which, Jane Hinkley will remain as an Independent
Non-executive Director of the Company.
Kath has more than 30 years' Human Resources experience, with a
strong operational and strategic track record, gained at a number
of large global manufacturing companies. As well as working at
GlaxoSmithKline plc and AstraZeneca plc she has served as the Group
Human Resources Director of Rolls-Royce plc, and was most recently
Group HR Director of Ferguson plc and Chief HR Officer of CRH plc.
She served as a Non-executive Director and Chair of the
Remuneration Committee of Renishaw plc from 2015 to 2018 and
currently serves as a Non-executive Director and Chair of the
Remuneration Committee of Calisen plc. Kath is a UK citizen.
The Nomination Committee continues to focus on its work of
succession planning for the Board of Directors and its Committees,
and Kath's appointment has been made in line with this
responsibility. In addition, Holly Koeppel and Hock Goh have
signalled their desire to step down from the Board of Directors at
the close of the 2021 AGM, following 4 years and 6 years of service
as Non-executive Directors, respectively. Consequently, the
Nomination Committee will commence further work on succession to
ensure that the Board membership reflects the breadth of skills and
experience required to drive and support the business strategy.
John McDonough CBE, Chairman of Vesuvius, said:
"I am delighted to announce the appointment of Kath Durrant as a
new Independent Non-executive Director of Vesuvius. Kath is an
experienced senior executive, with strong UK governance
credentials, and a highly international outlook. She will bring
extensive human resources experience to the Board, which will be
further strengthened by her appointment.
On behalf of the Board, I would also like to thank Holly Koeppel
and Hock Goh for their dedicated service as Directors of the
Company. They will both leave the Board following the 2021 Annual
General Meeting with our very best wishes."
No other disclosure obligations arise under paragraphs (1) to
(6) of LR 9.6.13 R of the FCA's Listing Rules in respect of this
appointment.
For further information, please contact:
Shareholder/analyst
enquiries:
+44 (0) 20 7822
0000
+44 (0) 20
Patrick André, Chief Executive 7822 0000
Guy Young, Chief Financial Officer +44 (0) 207
Vesuvius plc Henry Knowles, Company Secretary 822 0064
Media enquiries:
+44 (0) 203
MHP Communications Andrew Jaques/ Peter Lambie 128 8100
About Vesuvius plc
Vesuvius is a global leader in molten metal flow engineering and
technology, serving process industries operating in challenging
high-temperature conditions.
We develop innovative and customised solutions, often used in
extremely demanding industrial environments, which enable our
customers to improve their manufacturing processes, enhance product
quality and reduce energy consumption. These include flow control
solutions, advanced refractories and other consumable products and
- increasingly - related technical services including data
capture.
We have a worldwide presence. We serve our customers through a
network of low-cost manufacturing plants located close to their own
facilities, and embed our industry experts within their operations,
who are all supported by our global technology centres.
Our core competitive strengths are our market and technology
leadership, strong customer relationships, well established
presence in developing markets and our global reach, all of which
facilitate the expansion of our addressable markets.
Our ultimate goal is to create value for our customers, and to
deliver sustainable, profitable growth for our shareholders giving
a superior return on their investment whilst providing each of our
employees with a safe workplace where he or she is recognised,
developed and properly rewarded.
Forward looking statements
This announcement contains certain forward-looking statements
which may include reference to one or more of the following: the
Group's financial condition, results of operations, cash flows,
dividends, financing plans, business strategies, operating
efficiencies or synergies, budgets, capital and other expenditures,
competitive positions, growth opportunities for existing products,
plans and objectives of management and other matters.
Statements in this announcement that are not historical facts
are hereby identified as "forward-looking statements". Such forward
looking statements, including, without limitation, those relating
to the future business prospects, revenue, working capital,
liquidity, capital needs, interest costs and income, in each case
relating to Vesuvius, wherever they occur in this announcement, are
necessarily based on assumptions reflecting the views of Vesuvius
and involve a number of known and unknown risks, uncertainties and
other factors that could cause actual results, performance or
achievements to differ materially from those expressed or implied
by the forward looking statements. Such forward looking statements
should, therefore, be considered in light of various important
factors that could cause actual results to differ materially from
estimates or projections contained in the forward-looking
statements. These include without limitation: economic and business
cycles; the terms and conditions of Vesuvius' financing
arrangements; foreign currency rate fluctuations; competition in
Vesuvius' principal markets; acquisitions or disposals of
businesses or assets; and trends in Vesuvius' principal
industries.
The foregoing list of important factors is not exhaustive. When
considering forward looking statements, careful consideration
should be given to the foregoing factors and other uncertainties
and events, as well as factors described in documents the Company
files with the UK regulator from time to time including its annual
reports and accounts.
You should not place undue reliance on such forward-looking
statements which speak only as of the date on which they are made.
Except as required by the Rules of the UK Listing Authority and the
London Stock Exchange and applicable law, Vesuvius undertakes no
obligation to update publicly or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. In light of these risks, uncertainties and
assumptions, the forward-looking events discussed in this
announcement might not occur.
Vesuvius plc, 165 Fleet Street, London EC4A 2AE
Registered in England and Wales No. 8217766
LEI: 213800ORZ521W585SY02
www.vesuvius.com
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