IMI Regulatory News (IMI)

30 January 2024

IMI plc

Future Board change

Jamie Pike to succeed Lord Smith of Kelvin as Chair

IMI plc (the "Company" or "IMI") today announces that Jamie Pike will be appointed as Chair of the IMI Board and the Nomination Committee with effect from 1 January 2025 following a comprehensive selection process and as part of its orderly succession planning activities. Lord Smith of Kelvin will seek re-election at the 2024 Annual General Meeting to facilitate a smooth transition and will step down from the Board on 31 December 2024. Lord Smith joined the Board in 2015.

Jamie 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 joining Burmah, he was a partner at Bain & Company. Jamie was educated at Oxford, holds an MBA from INSEAD and is a Member of the Institute of Mechanical Engineers. He has previously held roles as Chair of Cobham plc and RPC Group plc. Jamie currently holds the positions of Chair of Spirax-Sarco Engineering plc and Chair of XP Power Limited. As previously announced by Spirax-Sarco Engineering plc, Jamie will be standing down from that position during 2024 following the expiry of his nine years as a director.

Roy Twite, Chief Executive Officer 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."

Lord Smith of Kelvin, Chair said: "It has been a privilege to work with so many talented colleagues at IMI for the last nine years and to see the Group make significant progress in this time. I am confident that IMI will be in good hands with Jamie as my successor."

Jamie Pike, incoming Chair, commented: "I am excited to be joining the team at IMI. The Company has a clear strategy rooted in its purpose of breakthrough engineering for a better world. Under Roy's leadership, the business has been transformed and I am looking forward to working with the Board and wider team to continue creating value for all of IMI's stakeholders. "

This announcement has been made in accordance with the requirements of Listing Rule 9.6.11. There is no further information to be disclosed under Listing Rule 9.6.13.

Enquiries

Louise Waldek Company Secretary Tel: 0121 717 3700

Luke Grant Head of Investor Relations Tel: +44 (0)7866 148 374

Matt Denham Headland Tel: +44 (0)7551 825 496

END