(Alliance News) - Rotork PLC on Tuesday said it appointed Ben Peacock as chief financial officer, as Jonathan Davis is set to retire after more than 21 years with the company.
The Bath England-based industrial flow control equipment company said Peacock, who is vice president of metals-focused engineering company Weir Group PLC's Finance & IT - Minerals division, is expected to start in the first quarter of 2024.
Outgoing CFO Davis will step down from the board on April 30, but will remain with Rotork to support the transition.
"Ben brings with him industry knowledge as well as a strong track record of finance expertise within complex businesses," Rotork Chief Executive Officer Kiet Huynh said.
Incoming CFO 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 Weir Group. I look forward to working with Kiet and the team to drive and deliver Rotork's growth+ strategy".
Rotork shares were 0.7% lower at 299.60 pence each on Tuesday morning in London, while Weir shares were 0.4% lower at 1,901.50p each.
By Tom Budszus, Alliance News reporter
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Rotork (ROR)
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