REG - Weir Group PLC - Directorate Change

WeirAnnouncement

15/05/2024 07:45

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RNS Number : 5088O  Weir Group PLC  15 May 2024

 
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:

 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  +44 (0) 141 308 3617

 Media: Sally Jones        +44 (0) 141 308 3666

 Citigate Dewe Rogerson:   +44 (0) 207 638 9571

 Kevin Smith               Weir@citigatedewerogerson.com (mailto: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).

 

 

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