Weir Group PLC Notification of Board Changes (2173Y)
04 December 2017 - 6:00PM
UK Regulatory
TIDMWEIR
RNS Number : 2173Y
Weir Group PLC
04 December 2017
The Weir Group PLC
LEI Number: 549300KDR56WHY9I3D10
4 December 2017
Non-Executive Director changes to the Board of The Weir Group
PLC
The Weir Group PLC ("Weir") announces that Non-Executive
Directors John Mogford and Alan Ferguson will retire from the Board
after the Company Annual General Meeting in April 2018.
John joined the Board in June 2008 and Alan has served since
December 2011, including chairing the Audit Committee from May
2012.
Stephen Young, Chief Executive of Meggitt PLC ("Meggitt"), will
join the Board as a Non-Executive Director and member of the Audit
Committee from 1 January 2018. Stephen will succeed Alan as Audit
Committee Chairman from 26 April 2018. Stephen recently announced
he would step down as Chief Executive from Meggitt, which provides
engineering solutions to global aerospace, defence and energy
markets, at the end of April 2018. Stephen joined Meggitt as Group
Finance Director in 2004 and was appointed Chief Executive in
2013.
Commenting on the changes, Weir Group PLC Chairman Charles Berry
said:
"Both John and Alan have made exceptional contributions to the
Board in recent years and Weir is a stronger business as a result
of their expertise and strategic counsel.
I also look forward to working with Stephen. He has an enviable
track record leading a major engineering business and that
experience will be a valuable addition to our Board as Weir
continues to build on its global leadership positions."
Prior to joining Meggitt, Stephen Young was Group Finance
Director of Thistle Hotels plc and the Automobile Association. He
is currently Non-Executive Director, Audit Committee Chairman and
member of Risk and Remuneration committees of Derwent London
plc.
On his appointment, Stephen said:
"Weir is a company I have always admired and it is an honour to
be joining its Board. I look forward to getting to know the
business even better and making a contribution to its future
success."
There are no further details to be disclosed relating to Stephen
Young under section 9.6.13 of the Listing Rules.
- Ends -
About The Weir Group PLC
Founded in 1871, Weir is one of the world's leading engineering
businesses providing mission-critical equipment and aftermarket
solutions to energy and natural resources customers in more than 70
countries. The group, which employs around 15,000 people, comprises
three divisions: Minerals; Oil & Gas; and Flow Control, and is
headquartered in Glasgow, Scotland, UK.
Enquiries:
----------------------------- ---------------------------
Investors: Stephen Christie +44 (0) 141 637 7111
----------------------------- ---------------------------
+44 (0) 141 637 7111 / +44
Media: Raymond Buchanan (0) 771 326 1447
----------------------------- ---------------------------
Brunswick: Patrick Handley
/ Diana Vaughton +44 (0) 20 7404 5959
----------------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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