REG - Porvair PLC - Appointment of Chief Executive Officer

PorvairAnnouncement

23/09/2024 07:00

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RNS Number : 1384F  Porvair PLC  23 September 2024

For immediate release
 
                        23 September 2024

 

Porvair plc

("Porvair" or the "Group" or the "Company")

Appointment of Chief Executive Officer and trading update

 

Appointment of Chief Executive Officer

Porvair is pleased to announce the appointment of Hooman Caman Javvi as Chief
Executive Officer designate and Director of the Company.  He is expected to
join the Group on 6 January 2025 and assume the role of Chief Executive on the
retirement of Ben Stocks following the Company's AGM on 15 April 2025.

Hooman was, until recently, Group Chief Operating Officer and member of the
Board of Hill & Smith plc, a FTSE 250 international provider of
sustainable infrastructure products and services. Before joining Hill &
Smith in 2022, Hooman spent 11 years in senior management roles at Hitachi
Energy and the ABB Group.  He has an Engineering and Management degree from
Linkoping University in Sweden and an MBA from the Stockholm School of
Economics.

John Nicholas, Chairman of Porvair plc, said: "The Board is delighted to have
appointed Hooman as our new Chief Executive Officer. He has a proven track
record in industrial engineering businesses, and I look forward to supporting
him to deliver the next phase of growth at Porvair plc."

Hooman Caman Javvi said: "It's a privilege to have been selected to lead
Porvair plc.  The Group has a consistent track record of growth, and I am
excited about working with the team to build on the company's strong
foundation for continued success".

Porvair confirms that there are no further matters in relation to Hooman Caman
Javvi's appointment to be disclosed pursuant to the requirements of paragraph
9.6.13 of the Listing Rules of the UK Listing Authority.

Trading update

The Group has continued to trade in line with management expectations in the
third quarter. Market trends remain consistent with those set out at the half
year. Full year earnings are likely to be above those for 2023. The Group
order book remains healthy.

Porvair's long-term earnings record is supported by established global trends:
tightening environmental regulation; the growth of analytical science; the
need for clean water; the development of carbon-efficient transportation; the
replacement of plastic and steel with aluminium; and the drive for
manufacturing process quality and efficiency.

For further information, please contact:

 Porvair plc                                       01553 765 500
 Ben Stocks, Chief Executive

 James Mills, Group Finance Director
 Chris Tyler, Group Company Secretary

 Burson Buchanan                                   020 7466 5000
 Charles Ryland / Stephanie Whitmore / Jack Devoy

 

Notes to Editors

Porvair is a group of specialist filtration, laboratory and environmental
technology businesses.  Its businesses design and manufacture a range of
bespoke consumable filtration products that are used in a range of niche
filtration markets.  It operates in three divisions: Aerospace &
Industrial; Laboratory; and Metal Melt Quality.

 

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