REG - IMI PLC - Directorate Change

IMIAnnouncement

04/11/2024 12:00

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RNS Number : 8376K  IMI PLC  04 November 2024

4 November 2024

Directorate Change

Luke Grant appointed Chief Financial Officer

 

IMI plc ("IMI" or the "Group"), the specialist engineering company, today
announces the appointment of Luke Grant as Chief Financial Officer ("CFO") and
Executive Director with effect from 25 July 2025.

 

Luke will succeed Daniel Shook who, in July 2024, announced his intention to
step down for family reasons. After 10 years of service, Daniel will step down
from the Board on 25 July 2025 and will remain available to the Group until
the end of 2025 to support an orderly transition.

 

Luke has been with IMI for 11 years and is currently Vice President of Finance
for the Industrial Automation sector. Prior to this, Luke was Group Financial
Controller and Head of Investor Relations. He has also held senior finance
positions within IMI's former Precision Engineering division, based in
Germany. Luke spent the early part of his career working in the audit practice
of EY. Full remuneration details will be disclosed in our 2024 Directors'
Remuneration Report.

 

Lord Smith of Kelvin, Chair of IMI, commented:

"Luke is a highly respected member of our senior finance team and I am
delighted that he will be joining the Board. His appointment demonstrates our
robust succession planning and our ability to promote from within. On behalf
of the Board, I would like to welcome him to his new role. We are enormously
grateful to Daniel for his service to IMI, during which time he has played a
vital role in creating the business we have today. Luke's promotion is
testament to the strength of the finance function that Daniel has helped to
build."

 

Roy Twite, Chief Executive Officer of IMI, said:

"It has been a privilege to work with Daniel over the last nine years. He has
been a valued colleague providing support and counsel, and I wish him all the
very best for the future. Luke is an outstanding successor. For more than a
decade at IMI, he has demonstrated his financial expertise, global mindset and
commitment to our culture. He has a deep knowledge of IMI and the drivers of
its performance, which will ensure continuity as we continue to grow and
improve the business."

 

Luke Grant, incoming Chief Financial Officer of IMI, added:

"I am honoured to be appointed as CFO of IMI. I have had the privilege of
working in a variety of senior finance roles in my time with the Group, and I
am excited about the opportunity to join the Board and the Executive Committee
to capitalise on the opportunities we have ahead."

 

There are no matters that require disclosure under UKLR 6.4.8R.

 

For further information, please contact:

 

Louise Waldek                         Company
Secretary
Tel:       0121 717 3700

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

 

End.

 

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