(Sharecast News) - IMI said on Tuesday that Jamie Pike will be appointed as chair with effect from 1 January 2025, with current chair Lord Smith of Kelvin due to step down at the end of this year.
Pike joined Burmah Castrol in 1991 and was chief executive of Burmah Castrol Chemicals before leading the buy-out of Foseco in 2001 and its subsequent flotation in 2005. Prior to that, he was a partner at Bain & Company.
Pike has held roles as chair of Cobham and RPC Group and is currently chair of Spirax-Sarco Engineering and of XP Power. He will be standing down as chair of Spirax-Sarco this year, following the expiry of his nine years as a director.
Chief executive Roy Twite said: "We are delighted that Jamie is joining the board and taking on the role of chair next year. He brings a wealth of listed board experience and a deep understanding of engineering. I am very much looking forward to working with him.
"I would also like to take this early opportunity to thank Lord Smith of Kelvin. He has been an outstanding chair and IMI has benefited tremendously from his guidance and support over the last nine years."
IMI (IMI)