Last checked at 28 Jul 2022 07:03
Weir announces Minerals President succession
· Ricardo Garib to retire as Minerals President at end of 2022 after a distinguished 43 year career
· Andrew Neilson appointed Minerals President after successful leadership period at ESCO
The Weir Group PLC announces that after 43 years' service, Ricardo Garib will retire as President of Weir Minerals with effect from 31 December 2022. He will be succeeded by Andrew Neilson, who is currently President of Weir ESCO. Details of Andrew's successor will be announced in due course.
Ricardo has made an enormous contribution to Minerals and Weir. Since his appointment as President of Minerals in 2016, he has led the division from strength to strength. Andrew became President of ESCO in early 2020 and has successfully delivered the acquisition synergies, built the growth strategy and improved ESCO's safety and operational performance.
A process to identify a successor to Andrew as ESCO President is well advanced and we expect to announce further details in due course.
Ricardo and Andrew, together with Andrew's successor, will work together in a transition period over the fourth quarter.
Commenting on these management changes, Jon Stanton, CEO said:
"I'd like to pay tribute to Ricardo Garib for his outstanding contribution to our company and the mining industry over many years. His absolute focus on safety and unwavering dedication to serving our customers has been second to none. On behalf everyone at Weir, I'd like to thank Ricardo for all he has done and wish him a very happy retirement."
"I am delighted that Andrew Neilson will succeed Ricardo. Andrew knows Minerals inside out and has a wealth of experience from across our business. With his strong track record of execution and delivery, I am sure he will lead Minerals to new heights and I look forward to working with him in his new role."
Biography Andrew Neilson joined Weir in 2010 as Head of Strategy and joined the Group Executive in 2014 as Director of Strategy and Corporate Affairs. In 2017 he moved to the USA as Finance Director of Minerals Division, before taking on the role of Chief Integration Officer to lead the integration of ESCO into Weir. Andrew then led the Europe, North Africa and Russia region for Minerals, before returning to the United States in July 2020 as President of ESCO. Andrew holds a Masters degree in engineering and is a qualified accountant.
Enquiries: | |
Investors: Edward Pears | +44 (0) 141 308 3725 |
Media: Sally Jones | +44 (0) 141 308 3666 |
Citigate Dewe Rogerson: | +44 (0) 207 638 9571 |
Kevin Smith | Weir@citigatedewerogerson.com |
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).