Last checked at 3 Sep 2021 07:00
Charles Berry to be succeeded by Barbara Jeremiah as Weir Group Chair
The Weir Group PLC ("Weir" or "the Group") announces that Charles Berry will retire as Chairman following the 2022 Annual General Meeting (AGM), having completed his full nine-year term with the Board.
The Board is pleased to announce the appointment of Barbara Jeremiah as Chair-Designate, with immediate effect. Barbara will succeed Charles as Chair at the conclusion of the Company's AGM, currently scheduled for April 2022. Barbara has been Weir's Senior Independent Director since 2020, having joined the Board in 2017. Her previous experience includes more than 30 years with Alcoa Inc., the global aluminium producer, where she was Executive Vice President, Corporate Development and Chairman's Counsel.
Charles Berry commented: "It is an incredible privilege to serve as Chairman of Weir, a business where my father spent much of his career and a Group that I have had a life-long affection for. Since joining the Board in 2013, and becoming Chairman in 2014, Weir has successfully completed one of the biggest transformations in its history and is now ideally placed to prosper in the decades ahead, with a clear strategy and first-class leadership team.
I am also delighted that Barbara will be succeeding me. She is an excellent choice for Chair, and personally, having served on the Hampton-Alexander Review, it is also great to be handing the baton on to the first woman to Chair Weir in the Group's 150-year history."
The process of choosing the new Chair was led by Employee Engagement Non-Executive Director Mary Jo Jacobi who said: "After a comprehensive search and selection process the Board was unanimous in viewing Barbara as the best choice for Chair-Designate. Barbara has extensive and highly relevant international Executive and Non-Executive experience alongside a deep passion for Weir and its people."
Chair-Designate Barbara Jeremiah commented: "It is a privilege to be appointed Chair-Designate of Weir as we celebrate our 150th anniversary. I am honoured to succeed Charles who in all respects has been an exemplary leader of our board. I look forward with great enthusiasm to continue working with Jon Stanton, the Weir team and the Board to chart our path forward as a global leader in mining technology, creating value for all of our stakeholders"
Jon Stanton, Chief Executive, said: "Charles has been an outstanding Chairman, providing constructive challenge and incredible support during a period of significant change for the business. His experience, wise counsel and commitment to the highest standards of corporate governance have been vital in Weir's success. I am also delighted with the appointment of Barbara Jeremiah as Chair-Designate and I look forward to working with her and the rest of the Board as we pursue the multi-decade growth opportunities ahead of us."
Barbara Jeremiah biographical details:
A qualified lawyer, Barbara Jeremiah previously spent over 30 years in a number of roles with Alcoa Inc. (now demerged into Alcoa and Arconic Inc.), the global aluminium producer. Her roles in Alcoa included Executive Vice President, Corporate Development and Chairman's Counsel. She also previously served as the Chairwoman of Boart Longyear Limited and as a Non-Executive Director of Aggreko plc, Premier Oil and Russel Metals.
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About The Weir Group PLC
Founded in 1871, The Weir Group PLC is one of the world's leading engineering businesses with a purpose to make its mining and infrastructure customers' operations more sustainable and efficient. Weir's highly engineered technology enables critical resources to be produced using less energy, water and waste while reducing customers' total cost of ownership. The Group is ideally positioned to benefit from structural trends that support long-term demand for its technology including the need for more essential metals to support economic development and carbon transition. The Group has c.11,000 employees operating in over 60 countries with a presence in every major mining region of the world. Find out more at www.global.weir.
Weir's ordinary shares trade on the London Stock Exchange (ticker: WEIR LN) and its American Depositary Receipts trade over-the-counter in the USA (ticker: WEGRY).