Spirax-Sarco Engineering PLC Board Changes (0330Z)
May 15 2019 - 2:05AM
UK Regulatory
TIDMSPX
RNS Number : 0330Z
Spirax-Sarco Engineering PLC
15 May 2019
Wednesday, 15th May 2019
Board Changes
Spirax-Sarco Engineering plc, the thermal energy management and
niche pumping specialist, announces the following Board
changes.
In accordance with the statement in the 2018 Annual Report that
the Board was progressing the appointment of a new Chair of the
Audit Committee, we are pleased to announce that Kevin Thompson
will join the Board as an Independent Non-Executive Director with
immediate effect. Kevin will succeed Clive Watson as Chair of the
Audit Committee, following a handover of responsibilities, after
the close of our Annual General Meeting today. Kevin will also be a
member of the Remuneration Committee and Nomination Committee.
Clive is standing down having served as a Director and Chair of
the Audit Committee for nine years, in addition to being the Senior
Independent Director since 2018. Dr Trudy Schoolenberg will take
over as Senior Independent Director, after the close of our Annual
General Meeting today.
Kevin Thompson was Group Finance Director of Halma plc from 1998
to 2018. He qualified as a Chartered Accountant with
PriceWaterhouseCoopers and is a Non-Executive Director of RPC Group
plc where he chairs the Audit Committee.
Commenting on the Board Changes, Jamie Pike, Chair, said:
"On behalf of our shareholders the Board acknowledges with
gratitude Clive's significant contribution to the Group's growth
and prosperity over the last nine years. As Chair of the Audit
Committee, Clive has been crucial in guiding the business through
significant changes and challenges whilst maintaining the highest
financial and governance standards.
I am delighted that Kevin Thompson has joined us. His extensive
experience at a major international manufacturing and technology
business will benefit our Board over the coming years as
Spirax-Sarco continues to move forward.
Trudy will, as Senior Independent Director, continue our strong
relationship with our shareholders.
These appointments are part of the succession planning
undertaken by the Nomination Committee to recruit and promote
Non-Executive Directors with the skills and experience required to
support the implementation of our strategy for growth."
Enquiries:
Andy Robson
Group General Counsel & Company Secretary
Tel: 01242 535276
About Spirax Sarco
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; Chromalox, for electrical thermal energy solutions; and
Watson-Marlow, for peristaltic pumping and associated fluid path
technologies. The Steam Specialties business and Chromalox 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 offers the ideal solution 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 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
BOAUSVBRKAAVAAR
(END) Dow Jones Newswires
May 15, 2019 02:05 ET (06:05 GMT)
Spirax-sarco Engineering (LSE:SPX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Spirax-sarco Engineering (LSE:SPX)
Historical Stock Chart
From Apr 2023 to Apr 2024