Rotork Regulatory News (ROR)

1 December 2022

Rotork plc

Appointment of Chair Designate

Rotork plc ('Rotork' or 'Company'), the global flow control and instrumentation group, has appointed Dorothy Thompson as Independent Non-Executive Director and Chair Designate. Dorothy joins the Board with immediate effect and will succeed Martin Lamb as Chair when he steps down at the Annual General Meeting on 28 April 2023 after nine years on the Board.

Dorothy Thompson is currently a Non-Executive Director of Eaton Corporation plc, a leading global power management company listed on the New York Stock Exchange, and of the InstaVolt group, a provider of electric vehicle charging infrastructure. Dorothy retired as Senior Independent Director of the Bank of England in July 2022, where she had been on the Court since 2014. From 2018 to 2021 she served as the Non-Executive Chair of Tullow Oil plc and was a Non-Executive Director of Johnson Matthey plc from 2007 to 2016.

During Dorothy's executive career, she was Chief Executive Officer of Drax Group plc, the UK renewable power business, from 2005 to 2017. At Drax she led an ambitious transformation strategy that reinvented the business from coal-fired generation to become one of Europe's largest renewable electricity providers. Her earlier career included roles with InterGen NV, where she was Managing Director Europe, and leadership positions with PowerGen plc and CDC Group plc. Dorothy is an economist by background and started her career at American Express.

Peter Dilnot, Rotork's Senior Independent Director, who led the search for a successor to Martin Lamb, commented: "We are delighted that Dorothy is joining the Board to succeed Martin as Chair.  Dorothy brings extensive experience of leading international industrial and power businesses, and has a deep understanding of the energy transition, a key element of Rotork's new Growth+ strategy. Dorothy also has a wealth of listed Board experience and we are looking forward to working with her going forward.

"On behalf of the Board, I would like to extend our thanks to Martin for his excellent stewardship, during which time he has played a crucial role in the successful development of Rotork. He will be leaving a strong legacy of leadership, positive momentum and delivery for all stakeholders when he steps down next April."

Dorothy Thompson, Chair Designate, said: "I am excited to be joining Rotork, a world-leading business with a new growth strategy and clear purpose in enabling a sustainable future. I look forward to working with the Board and all employees to steward the Company through the next phase of its development and in helping Rotork deliver on its growth and margin ambitions."

About Rotork plc:

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Rotork employs about 3,200 people, has manufacturing facilities in more than 17 locations and serves 170 countries through a global service network. Its shares have a premium listing on the London Stock Exchange (symbol: ROR) and are a constituent of the FTSE 250 index. For more information please visit www.rotork.com.

ENQUIRIES:

FTI Consulting

Notes:

1. Dorothy Thompson will become a member of the Nomination Committee on 1 December 2022 and will become Chair of the Nomination Committee from the conclusion of the Company's next AGM on 28 April 2023.

2. For the purposes of Listing Rule 9.6.13, Dorothy Thompson is currently a Non-Executive Director of Eaton Corporation plc, listed on the New York Stock Exchange. Dorothy was a Director and Group Chief Executive of Drax Group plc from 2005 to 31 December 2017 and Non-Executive Chair of Tullow Oil plc from July 2018 to 31 December 2021. There is no further information to be disclosed pursuant to Listing Rule 9.6.13.

3. The Directors have determined that, upon appointment, Dorothy Thompson will be independent.

4. Dorothy Thompson's fees, which are in line with the Directors' Remuneration Policy, will be fully disclosed in the 2022 Directors' Remuneration Report.

Legal Entity Identifier: 213800AH5RZIHGWRJ718