Changes to Board of
Directors
The Weir Group PLC ("Weir"
or "Weir Group") announces that Nick Anderson has been appointed to
the Board as an independent Non-Executive Director with effect from
15 May 2024. Nick will join the Audit, Nomination and Remuneration
Committees upon appointment.
Nick retired from Spirax-Sarco
Engineering plc in January this year after 10 years as Group Chief
Executive of the FTSE 100 industrial engineering company. Nick
joined Spirax-Sarco in 2011 as Director EMEA for the Group's Steam
Specialities business. He was appointed to the Board in March 2012,
became Chief Operating Officer in August 2013 and Group Chief
Executive in January 2014. Prior to Spirax-Sarco, Nick worked for
Smiths Group plc as Vice-President of John Crane Asia Pacific based
in Singapore and President of John Crane Latin America, based in
the US. Nick has also worked for Alcoa Aluminio in Brazil and
Argentina and for the Foseco Minsep Group plc in Brazil.
Weir also announces that independent
Non-Executive Director, Stephen Young has informed the Board of his
intention to retire for personal reasons with effect from 31 July 2024. Upon the retirement of Stephen,
Andy Agg will succeed Stephen as Chair of the Audit
Committee.
Commenting, Barbara Jeremiah, Chair of the Weir Group
said:
"On behalf of the Board, I am delighted to welcome Nick to
Weir. Nick has a wealth of experience as a leader in international
engineering and manufacturing operations. The skills and experience
he brings in growing global businesses will be a great asset and
enhance our ability to achieve Weir's strategic
objectives.
I
also wish to thank Stephen for his many contributions to the work
of the Board and the Audit Committee over the course of his tenure
and we will miss his counsel and advice. On behalf of the Company
and the Board, we wish Stephen all the best for the
future."
Board Committee composition
Following Nick's appointment, the
Board Committee membership is now as follows:
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Audit Committee
|
· Stephen Young (Committee Chair)
· Tracey
Kerr
· Penny
Freer
· Andy
Agg (Chair Designate)
· Nick
Anderson
|
|
Nomination Committee
|
· Barbara Jeremiah (Board Chair and Committee Chair)
· Dame
Nicola Brewer
· Ben
Magara
· Nick
Anderson
|
|
Remuneration Committee
|
· Penny
Freer (Committee Chair)
· Dame
Nicola Brewer
· Ben
Magara
· Stephen Young
· Nick
Anderson
|
|
Sustainability & Technology Committee
|
· Tracey
Kerr (Committee Chair)
· Dame
Nicola Brewer
· Ben
Magara
· Andy
Agg
|
At the date of this announcement,
Nick is currently a non-executive director of BAE Systems plc and
has been appointed as a non-executive director of Spectris plc with
effect from 1 June 2024.
There are no other matters that
require disclosure under LR 9.6.13 of the UK Listing
Rules.
Graham Vanhegan
Chief Legal Officer and Company Secretary
|
Enquiries:
|
|
|
Investors: Phil Carlisle
Media: Sally Jones
Citigate Dewe Rogerson:
Kevin Smith
|
+44 (0) 141 308 3617
+44 (0) 141 308 3666
+44 (0) 207 638 9571
Weir@citigatedewerogerson.com
|
About The Weir Group PLC
Founded in 1871, The Weir Group PLC
is one of the world's leading engineering businesses with a purpose
to make its mining and infrastructure customers' operations more
sustainable and efficient. Weir's highly engineered technology
enables critical resources to be produced using less energy, water
and waste while reducing customers' total cost of ownership. The
Group is ideally positioned to benefit from structural trends that
support long-term demand for its technology including the need for
more essential metals to support economic development and carbon
transition. The Group has c.12,000 employees operating in over 50
countries with a presence in every major mining region of the
world. Find out more at www.global.weir.
Weir's ordinary shares trade on the
London Stock Exchange (ticker: WEIR LN) and its American Depositary
Receipts trade over-the-counter in the USA (ticker: WEGRY).