REG - IMI PLC - Directorate Change

IMIAnnouncement

30/01/2024 11:15

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RNS Number : 3843B  IMI PLC  30 January 2024

30 January 2024

IMI plc

Future Board change

Jamie Pike to succeed Lord Smith of Kelvin as Chair

IMI plc (the "Company" or "IMI") today announces that Jamie Pike will be
appointed as Chair of the IMI Board and the Nomination Committee with effect
from 1 January 2025 following a comprehensive selection process and as part of
its orderly succession planning activities. Lord Smith of Kelvin will seek
re-election at the 2024 Annual General Meeting to facilitate a smooth
transition and will step down from the Board on 31 December 2024. Lord Smith
joined the Board in 2015.

Jamie joined Burmah Castrol in 1991 and was Chief Executive of Burmah Castrol
Chemicals before leading the buy-out of Foseco in 2001 and its subsequent
flotation in 2005. Prior to joining Burmah, he was a partner at Bain &
Company. Jamie was educated at Oxford, holds an MBA from INSEAD and is a
Member of the Institute of Mechanical Engineers. He has previously held roles
as Chair of Cobham plc and RPC Group plc. Jamie currently holds the positions
of Chair of Spirax-Sarco Engineering plc and Chair of XP Power Limited.  As
previously announced by Spirax-Sarco Engineering plc, Jamie will be standing
down from that position during 2024 following the expiry of his nine years as
a director.

Roy Twite, Chief Executive Officer said: "We are delighted that Jamie is
joining the Board and taking on the role of Chair next year. He brings a
wealth of listed board experience and a deep understanding of engineering. I
am very much looking forward to working with him.

I would also like to take this early opportunity to thank Lord Smith of
Kelvin. He has been an outstanding Chair and IMI has benefited tremendously
from his guidance and support over the last nine years."

Lord Smith of Kelvin, Chair said: "It has been a privilege to work with so
many talented colleagues at IMI for the last nine years and to see the Group
make significant progress in this time. I am confident that IMI will be in
good hands with Jamie as my successor."

Jamie Pike, incoming Chair, commented: "I am excited to be joining the team at
IMI. The Company has a clear strategy rooted in its purpose of breakthrough
engineering for a better world. Under Roy's leadership, the business has been
transformed and I am looking forward to working with the Board and wider team
to continue creating value for all of IMI's stakeholders. "

This announcement has been made in accordance with the requirements of Listing
Rule 9.6.11. There is no further information to be disclosed under Listing
Rule 9.6.13.

Enquiries

Louise
Waldek
Company
Secretary
Tel: 0121 717 3700

Luke
Grant
Head of Investor Relations
Tel: +44 (0)7866 148 374

Matt
Denham
Headland
Tel: +44 (0)7551 825 496

 

END

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