Last checked at 4 Sep 2019 10:00
4th September 2019
BOARD CHANGE
Thermal energy management and niche pumping specialist, Spirax-Sarco Engineering plc, announces that Jay Whalen, President, Watson-Marlow Fluid Technology Group (WMFTG), and Executive Director, has informed the Board that he wishes to retire after over 28 years of service. Jay will retire from WMFTG and the Board on 31st December 2019.
Jay joined the Group in 1991 as President of Watson-Marlow Inc. in the USA and was named Sales and Marketing Director of the global Watson-Marlow pump business in 2002. In August 2010 he was appointed President of WMFTG and in March 2012 he was appointed to the Spirax-Sarco Engineering plc Board.
The selection process for the next Managing Director of WMFTG is progressing well and we have started looking at both internal and external candidates. Following the appointment, there will be a handover period between Jay and his successor to achieve an orderly transition for the business. Jay's successor in WMFTG will not become an Executive Director of the Group and the composition of the Board will return to nine members as of 1st January 2020 of whom six will be Non-Executive Directors.
Commenting on Jay's retirement, Jamie Pike, Chair, said:
"On behalf of the shareholders, the Board acknowledges with gratitude the significant contribution to the Group's growth and prosperity made by WMFTG under Jay's leadership. We understand Jay's desire to step down from a full time executive role and retire after such a long and successful period of service."
Nicholas Anderson, Group Chief Executive, said:
"During his time with the Group, Jay has played an integral role in the growth of WMFTG, contributing to its successful geographic expansion, market penetration and acquisition strategy earning him the highest respect from the Board and colleagues. We thank him and wish him the very best in this new chapter of his life."
Enquiries:
Nicholas Anderson, Group Chief Executive
Kevin Boyd, Chief Financial Officer
Tel: 01242 535234
About Spirax‐Sarco Engineering plc
Spirax‐Sarco Engineering plc is a thermal energy management and niche pumping specialist. It comprises three world‐leading businesses: Steam Specialties, for the control and management of steam; Chromalox, for electrical thermal energy solutions; and Watson-Marlow, for peristaltic pumping and associated fluid path technologies. The Steam Specialties business and Chromalox provide a broad range of fluid control and electrical process heating products, engineered packages, site services and systems expertise for a diverse range of industrial and institutional customers. Both businesses help their end users to improve production efficiency, meet their environmental sustainability targets, improve product quality and enhance the safety of their operations. Watson‐Marlow Fluid Technology Group provides solutions for a wide variety of demanding fluid path applications with highly accurate, controllable and virtually maintenance free pumps and associated technologies.
The Group is headquartered in Cheltenham, UK, has strategically located manufacturing plants around the world and employs over 7,900 people, of whom over 1,600 are direct sales and service engineers. Its shares have been listed on the London Stock Exchange since 1959 (symbol: SPX) and it is a constituent of the FTSE 100 index.
Further information can be found at www.spiraxsarcoengineering.com
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