Spirax-Sarco Engineering plc have announced a series of board changes as part of its on-going succession planning.
The company specialise in the control and efficient use of steam, electrical thermal energy solutions, and peristaltic pumping and associated fluid path technologies,
Chairman of the Cheltenham-headquartered company, Bill Whiteley, has indicated his intention to retire from the board after the Annual General Meeting on 15th May 2018 (AGM).
Bill has served as a Director for 16 years and as Chairman for the past nine years.
It is proposed that Jamie Pike, the current Senior Independent Director and who joined the Board in 2014, will take over as Chairman with effect from the close of the AGM.
As a consequence of Jamie’s appointment, it is also proposed that Clive Watson be appointed as the Senior Independent Director. Clive will continue as Chairman of the Audit Committee. All appointments are subject to the re-election of Directors at the AGM.
In accordance with the UK Governance Code 2016 (Code), Jamie Pike’s proposed appointment follows a rigorous selection and interview process, which included independent advice from external consultants, Korn Ferry.
Jamie will continue as Chairman of RPC Group plc and, as announced today by Ibstock plc, he will be stepping down as their Chairman and as a Director at the next Ibstock plc Annual General Meeting on 24th May 2018.
In anticipation of these changes, good progress has been made in the recruitment of an additional Independent Non‑Executive Director, which will be announced shortly.
Commenting on Bill Whiteley’s retirement, Nicholas Anderson, Group Chief Executive, said: “On behalf of our shareholders the Board acknowledges with gratitude Bill’s significant contribution to the Group’s growth and prosperity over the last 16 years.
“In his role as Chairman, Bill’s leadership has been vital in guiding the business through significant changes and challenges, earning him the highest respect from shareholders, the Board and colleagues.”