Spirax-Sarco Engineering PLC Leadership Succession (7217Z)

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RNS Number : 7217Z

Spirax-Sarco Engineering PLC

17 January 2024

LEADERSHIP SUCCESSION

Wednesday 17 January 2024

Further to the announcement made on 8 August 2023, Spirax-Sarco Engineering plc, the leading global thermal energy management and fluid technology solutions Group, confirms that Nimesh Patel has commenced his role as Group Chief Executive following the retirement of Nicholas Anderson.

Phil Scott has also taken up the position of Interim Chief Financial Officer.

Group Chief Executive, Nimesh Patel said:

"I am privileged to be taking on the leadership of this great Company at such an exciting and important time. Under Nick's leadership we have evolved to become a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities. What we do is critical to the efficiency, safety and sustainability of our customers industrial processes and equipment, including the delivery of decarbonisation solutions in support of their sustainability goals. I am looking forward to working with my Executive team and colleagues across the organisation to deliver on the exciting opportunities we see ahead for the Group in 2024 and beyond."

About Spirax--Sarco Engineering plc

Spirax--Sarco Engineering plc is a leading global thermal energy management and fluid technology solutions Group. It comprises three world--leading Businesses: Steam Specialties, for the control and management of steam; Electric Thermal Solutions, for advanced electrical process heating and temperature management solutions; and Watson-Marlow, for peristaltic pumping and associated fluid path technologies. The Steam Specialties and Electric Thermal Solutions Businesses provide a broad range of fluid control and process heating products, engineered packages, site services and systems expertise for a diverse range of industrial and institutional customers. Both businesses help their customers improve process efficiencies, meet environmental sustainability targets, improve product quality and enhance the safety of their operations. Watson--Marlow 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 40 strategically located manufacturing plants around the world and employs more than 10,000 people, including more than 2,100 direct sales and service engineers. The Company's shares have been listed on the London Stock Exchange since 1959 (symbol: SPX) and it is a constituent of the FTSE 100 and the FTSE4Good Indexes.

Further information can be found at spiraxsarcoengineering.com

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January 17, 2024 02:00 ET (07:00 GMT)