Spirax-Sarco Engineering PLC Spirax Sarco appoints next Chief Financial Officer (5036I)
April 02 2020 - 3:00AM
UK Regulatory
TIDMSPX
RNS Number : 5036I
Spirax-Sarco Engineering PLC
02 April 2020
News Release
2nd April 2020
Spirax Sarco appoints next Chief Financial Officer
Spirax -Sar co Enginee ring plc ("Spirax Sarco" or the "Group"),
the w o rld leader in thermal energy management, peristaltic
pumping and associated fluid path technologies, is pleased to
announce that Nimesh Patel will join the Board as Chief Financial
Officer and Executive Director.
Nimesh will join Spirax Sarco before the end of July 2020 and
will succeed Kevin Boyd as Chief Financial Officer and a member of
the Board following completion of the interim financial reporting
process, thereby enabling an orderly handover of duties.
Nimesh is currently Chief Financial Officer of the De Beers
Group, which is majority owned by Anglo American plc. He has over
22 years of experience in senior finance roles including his role
with De Beers and as Group Head of Corporate Finance for Anglo
American plc. Nimesh intends to relocate to Cheltenham with his
family.
On 11th March 2020, Kevin Boyd announced his desire to retire
from the Board and the Group. Further details regarding the
completion date of their handover, Kevin's retirement date and
Nimesh's compensation will be provided when Nimesh joins the
Group.
Commenting on Nimesh's appointment, Jamie Pike, Board Chair,
said:
"I am delighted to welcome Nimesh to Spirax Sarco. Nimesh is a
dynamic and highly capable Chief Financial Officer and I look
forward to working closely with him as the Group progresses."
Nicholas Anderson, Group Chief Executive, added:
"I am delighted that Nimesh has agreed to join our team and
continue the important work developed by Kevin. I am certain his
experience, intellect and energy will bring many contributions and
I look forward to developing with Nimesh the close working
relationship I enjoy with Kevin."
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
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END
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