Rotork PLC Directorate Change -- CFO Transition (0785M)
12 Septiembre 2023 - 1:00AM
UK Regulatory
TIDMROR
RNS Number : 0785M
Rotork PLC
12 September 2023
12 September 2023
Rotork Plc ('Rotork')
Directorate Change - CFO Transition
Rotork plc, the global provider of mission-critical intelligent
flow control solutions, announces that Jonathan Davis, Group
Finance Director since 2010, has advised the Board that he will be
retiring after 21 years with the Company. The Board has appointed
Ben Peacock as Chief Financial Officer to succeed Jonathan. Ben is
currently Vice President, Finance & IT - Minerals Division, at
The Weir Group PLC.
Ben's start date is being finalised. It is expected that he will
join as CFO during Q1 2024. Jonathan will continue in his current
role until Ben joins. He will step down from the Board on 30 April
2024 but will remain with the Company to support the transition. A
further update will be provided once Ben's start date is known.
Kiet Huynh, Chief Executive Officer, commented: "I want to thank
Jonathan for the very significant contribution he has made to
Rotork over the past 21 years and to personally thank him for the
support he has given me in my time as CEO. On behalf of the Board
and all our colleagues we wish Jonathan all the very best in his
retirement. I am delighted that we have appointed Ben as CFO. Ben
brings with him industry knowledge as well as a strong track record
of finance expertise within complex businesses. I am confident he
will make a strong contribution to the senior management team and
to the business. I look forward to working with him to deliver our
Growth+ strategy."
Ben Peacock said: "The clear purpose and strategy at Rotork is
an exciting journey that I am delighted to become part of. I have
spent my most recent career in industrial and flow control sectors,
including the last 9 years at The Weir Group PLC. I look forward to
working with Kiet and the team to drive and deliver Rotork's
Growth+ strategy".
Jonathan Davis said: "It has been a privilege to be part of the
Rotork team for the last 21 years and I would like to thank all my
colleagues and friends throughout that time for their dedication
and support. I am extremely proud of all that we have achieved over
these years and believe that the Company is well placed under
Kiet's leadership to deliver the Growth+ strategy. I wish Rotork
every success for the future and look forward to welcoming Ben to
Rotork and working with him until my departure later next
year."
There is no information which requires disclosure in accordance
with LR 9.6.13 (1) to (6).
Enquiries:
FTI Consulting
Nick Hasell/Susanne Yule Tel: + 44 (0)20 3727 1340
Rotork plc
Andrew Carter, Investor Relations Tel: +44 (0)1225 733 200
Director
Notes:
Ben Peacock is Vice President of Finance & IT at The Weir
Group PLC's largest division, Minerals. He joined Weir as Group
Treasurer and Head of Insurance & Pensions in 2014 and then
became Divisional Finance Director, Flow Control Division, before
being promoted to his current role in 2018. Prior to joining Weir,
he held finance roles in Vodafone Group plc and Intel Corporation.
Ben is CIMA qualified and has a BA in Business Finance.
The remuneration payable to both Ben Peacock and Jonathan Davis
will be in accordance with Rotork's remuneration policy.
Legal Entity Identifier: 213800AH5RZIHGWRJ718
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END
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