Spirax-Sarco Engineering PLC Board Change (1866L)
04 September 2019 - 7:00PM
UK Regulatory
TIDMSPX
RNS Number : 1866L
Spirax-Sarco Engineering PLC
04 September 2019
4th September 2019
BOARD CHANGE
Thermal energy management and niche pumping specialist,
Spirax-Sarco Engineering plc, announces that Jay Whalen, President,
Watson-Marlow Fluid Technology Group (WMFTG), and Executive
Director, has informed the Board that he wishes to retire after
over 28 years of service. Jay will retire from WMFTG and the Board
on 31st December 2019.
Jay joined the Group in 1991 as President of Watson-Marlow Inc.
in the USA and was named Sales and Marketing Director of the global
Watson-Marlow pump business in 2002. In August 2010 he was
appointed President of WMFTG and in March 2012 he was appointed to
the Spirax-Sarco Engineering plc Board.
The selection process for the next Managing Director of WMFTG is
progressing well and we have started looking at both internal and
external candidates. Following the appointment, there will be a
handover period between Jay and his successor to achieve an orderly
transition for the business. Jay's successor in WMFTG will not
become an Executive Director of the Group and the composition of
the Board will return to nine members as of 1st January 2020 of
whom six will be Non-Executive Directors.
Commenting on Jay's retirement, Jamie Pike, Chair, said:
"On behalf of the shareholders, the Board acknowledges with
gratitude the significant contribution to the Group's growth and
prosperity made by WMFTG under Jay's leadership. We understand
Jay's desire to step down from a full time executive role and
retire after such a long and successful period of service."
Nicholas Anderson, Group Chief Executive, said:
"During his time with the Group, Jay has played an integral role
in the growth of WMFTG, contributing to its successful geographic
expansion, market penetration and acquisition strategy earning him
the highest respect from the Board and colleagues. We thank him and
wish him the very best in this new chapter of his life."
Enquiries:
Nicholas Anderson, Group Chief Executive
Kevin Boyd, Chief Financial Officer
Tel: 01242 535234
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; 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 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
7,900 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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