Weir Group PLC Directorate change (3333H)
27 Julio 2023 - 1:00AM
UK Regulatory
TIDMWEIR TIDMAAL
RNS Number : 3333H
Weir Group PLC
27 July 2023
Press Release
27 July 2023
Directorate change
The Weir Group PLC (Weir) today announces that John Heasley,
Chief Financial Officer (CFO), has informed the Board of his
decision to step down from the Board and his role as CFO to take up
a new role as Finance Director of Anglo American plc.
We expect John will leave Weir to start his new role by the end
of the year, and the Board has commenced a process to appoint his
successor. Further updates on this appointment and the exact timing
of John's departure will be made in due course.
John joined Weir in 2008, holding a number of financial and
general management roles, before being appointed to the Group
Executive as President of our former Flow Control Division in 2014
and then to the Board of Directors as CFO in 2016. John has been a
highly valued member of the Board and Group Executive, playing a
significant role in the Group's portfolio transformation into a
global mining technology leader and the subsequent execution of its
refreshed strategy.
Weir continues to execute well and deliver on its strategy,
including our Performance Excellence transformation programme. Weir
will report its interim results on 1 August 2023.
Commenting on the announcement, Jon Stanton, CEO of the Weir
Group said:
"I would like to thank John for his significant contribution to
the Group. Under his leadership we have strengthened our financial
position and further enhanced our functional finance capability. He
leaves an excellent team and a strong balance sheet. We all wish
him well for the future.
Looking ahead, I'm excited about the prospects for Weir. Our
leading capabilities, clear strategy and strong balance sheet
positions us to capitalise on the growth opportunity from global
decarbonisation and the adoption of new sustainable technologies in
mining. In addition, our Performance Excellence transformation
programme is enabling us to optimise the Group and further expand
our margins."
Commenting on the announcement, Barbara Jeremiah, Chair of the
Weir Group said:
"John has been an outstanding member and valued colleague on the
Weir Board. He has been a strong advocate for our inclusion,
diversity and equity agenda as its executive sponsor, and has
played a key role in establishing our Performance Excellence
programme. On behalf of the Board, I would like to thank John and
wish him every success in his new role.
We look forward to welcoming a new CFO to Weir to lead our
finance team, and we will provide a further update on this once our
process has concluded."
Commenting on the announcement, John Heasley, CFO of the Weir
Group said:
"It has been a privilege to work at Weir for the last 15 years.
I would like to thank my colleagues around the world for their
support and friendship and I wish them and the Group much continued
success."
Enquiries:
Investors: Edward Pears +44 (0) 141 308 3725
Media: Sally Jones +44 (0) 141 308 3666
Citigate Dewe Rogerson: +44 (0) 207 638 9571
Kevin Smith Weir@citigatedewerogerson.com
About The Weir Group PLC
Founded in 1871, The Weir Group PLC is one of the world's
leading engineering businesses with a purpose to make its mining
and infrastructure customers' operations more sustainable and
efficient. Weir's highly engineered technology enables critical
resources to be produced using less energy, water and waste while
reducing customers' total cost of ownership. The Group is ideally
positioned to benefit from structural trends that support long-term
demand for its technology including the need for more essential
metals to support economic development and carbon transition. The
Group has c.12,000 employees operating in over 60 countries with a
presence in every major mining region of the world. Find out more
at www.global.weir .
Weir's ordinary shares trade on the London Stock Exchange
(ticker: WEIR LN) and its American Depositary Receipts trade
over-the-counter in the USA (ticker: WEGRY).
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END
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