Porvair PLC Appointment of Chief Executive Officer

RNS Number : 1384F

Porvair PLC

23 September 2024

 

For immediate release                                                                                                   23 September 2024

 

Porvair plc

("Porvair" or the "Group" or the "Company")

Appointment of Chief Executive Officer and trading update

 

Appointment of Chief Executive Officer

Porvair is pleased to announce the appointment of Hooman Caman Javvi as Chief Executive Officer designate and Director of the Company.  He is expected to join the Group on 6 January 2025 and assume the role of Chief Executive on the retirement of Ben Stocks following the Company's AGM on 15 April 2025.

Hooman was, until recently, Group Chief Operating Officer and member of the Board of Hill & Smith plc, a FTSE 250 international provider of sustainable infrastructure products and services. Before joining Hill & Smith in 2022, Hooman spent 11 years in senior management roles at Hitachi Energy and the ABB Group.  He has an Engineering and Management degree from Linkoping University in Sweden and an MBA from the Stockholm School of Economics.

John Nicholas, Chairman of Porvair plc, said: "The Board is delighted to have appointed Hooman as our new Chief Executive Officer. He has a proven track record in industrial engineering businesses, and I look forward to supporting him to deliver the next phase of growth at Porvair plc."

Hooman Caman Javvi said: "It's a privilege to have been selected to lead Porvair plc.  The Group has a consistent track record of growth, and I am excited about working with the team to build on the company's strong foundation for continued success".

Porvair confirms that there are no further matters in relation to Hooman Caman Javvi's appointment to be disclosed pursuant to the requirements of paragraph 9.6.13 of the Listing Rules of the UK Listing Authority.

Trading update

The Group has continued to trade in line with management expectations in the third quarter. Market trends remain consistent with those set out at the half year. Full year earnings are likely to be above those for 2023. The Group order book remains healthy.

Porvair's long-term earnings record is supported by established global trends: tightening environmental regulation; the growth of analytical science; the need for clean water; the development of carbon-efficient transportation; the replacement of plastic and steel with aluminium; and the drive for manufacturing process quality and efficiency.

For further information, please contact:

Porvair plc	01553 765 500
Ben Stocks, Chief Executive James Mills, Group Finance Director
Chris Tyler, Group Company Secretary
Burson Buchanan	020 7466 5000
Charles Ryland / Stephanie Whitmore / Jack Devoy

 

Notes to Editors

Porvair is a group of specialist filtration, laboratory and environmental technology businesses.  Its businesses design and manufacture a range of bespoke consumable filtration products that are used in a range of niche filtration markets.  It operates in three divisions: Aerospace & Industrial; Laboratory; and Metal Melt Quality.

 

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