TIDMWEIR

RNS Number : 1001R

Weir Group PLC

24 October 2023

Changes to Board of Directors

The Weir Group PLC ("Weir" or "Weir Group") announces that Penelope (Penny) Freer has been appointed to the Board as an independent Non-Executive Director with effect from 23 October 2023. Penny will succeed Clare Chapman as Chair of the Remuneration Committee with effect from 31 December 2023, when Clare will step down from the Board.

Penny has a background in investment banking, having worked for over 25 years in a range of roles. From 2000 to 2004 Penny led Robert W Baird's UK equities division and prior to this she spent eight years at Credit Lyonnais Securities where she headed the small and mid-cap equities business.

Penny is Chair of The Henderson Smaller Companies Investment Trust plc and Empresaria Group PLC, as well as Chair of AP Ventures LLP. Penny is also currently Chair of Crown Place VCT Plc, and will be stepping down from this role on 22 November 2023 following the company's annual general meeting. Penny has also held a number of non-executive director roles in both public and private companies, including as Senior Independent Director and Chair of the Remuneration Committee at Advanced Medical Solutions Group PLC.

Commenting, Barbara Jeremiah, Chair of the Weir Group said:

"I am delighted to welcome Penny to the Board of Weir. Penny's extensive investment experience, as well as her wide-ranging leadership skills across many businesses, both complement and strengthen our Board as we continue to execute our strategy.

I also wish to thank Clare for her significant contribution to the Weir Group, and the work of the Board, over her six years with us. Her leadership as Remuneration Committee Chair was instrumental in the adoption of The Weir Group Share Reward Plan. On behalf of the Company and the Board, we wish Clare all the best for the future."

Board Committee composition

Following Penny's appointment, the Board Committee membership is now as follows:

 
 Audit Committee              Nomination Committee      Remuneration Committee 
 Stephen Young (Committee     Barbara Jeremiah (Board   Clare Chapman (Committee 
  Chair)                       Chair and Committee       Chair) 
                               Chair) 
                             ------------------------  ------------------------- 
 Srinivasan Venkatakrishnan   Dame Nicola Brewer        Penny Freer (Committee 
                                                         Chair Designate) 
                             ------------------------  ------------------------- 
 Tracey Kerr                  Sir Jim McDonald          Dame Nicola Brewer 
                             ------------------------  ------------------------- 
                              Ben Magara                Ben Magara 
                             ------------------------  ------------------------- 
                                                        Stephen Young 
                             ------------------------  -------------------------

There are no other matters that require disclosure under LR 9.6.13 of the UK Listing Rules.

 
 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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October 24, 2023 03:39 ET (07:39 GMT)

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