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REG - Rotork PLC - Appointment of Chair Designate

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RNS Number : 1581I  Rotork PLC  01 December 2022

 

1 December 2022

 

Rotork plc

Appointment of Chair Designate

 

Rotork plc ('Rotork' or 'Company'), the global flow control and
instrumentation group, has appointed Dorothy Thompson as Independent
Non-Executive Director and Chair Designate. Dorothy joins the Board with
immediate effect and will succeed Martin Lamb as Chair when he steps down at
the Annual General Meeting on 28 April 2023 after nine years on the Board.

 

Dorothy Thompson is currently a Non-Executive Director of Eaton Corporation
plc, a leading global power management company listed on the New York Stock
Exchange, and of the InstaVolt group, a provider of electric vehicle charging
infrastructure.  Dorothy retired as Senior Independent Director of the Bank
of England in July 2022, where she had been on the Court since 2014.  From
2018 to 2021 she served as the Non-Executive Chair of Tullow Oil plc and was a
Non-Executive Director of Johnson Matthey plc from 2007 to 2016.

 

During Dorothy's executive career, she was Chief Executive Officer of Drax
Group plc, the UK renewable power business, from 2005 to 2017. At Drax she led
an ambitious transformation strategy that reinvented the business from
coal-fired generation to become one of Europe's largest renewable electricity
providers.  Her earlier career included roles with InterGen NV, where she was
Managing Director Europe, and leadership positions with PowerGen plc and CDC
Group plc. Dorothy is an economist by background and started her career at
American Express.

 

Peter Dilnot, Rotork's Senior Independent Director, who led the search for a
successor to Martin Lamb, commented: "We are delighted that Dorothy is joining
the Board to succeed Martin as Chair.  Dorothy brings extensive experience of
leading international industrial and power businesses, and has a deep
understanding of the energy transition, a key element of Rotork's new Growth+
strategy.  Dorothy also has a wealth of listed Board experience and we are
looking forward to working with her going forward.

 

"On behalf of the Board, I would like to extend our thanks to Martin for his
excellent stewardship, during which time he has played a crucial role in the
successful development of Rotork. He will be leaving a strong legacy of
leadership, positive momentum and delivery for all stakeholders when he steps
down next April."

 

Dorothy Thompson, Chair Designate, said: "I am excited to be joining Rotork, a
world-leading business with a new growth strategy and clear purpose in
enabling a sustainable future. I look forward to working with the Board and
all employees to steward the Company through the next phase of its development
and in helping Rotork deliver on its growth and margin ambitions."

 

 

 

 

About Rotork plc:

Rotork is a market-leading global provider of mission-critical intelligent
flow control solutions for oil & gas, water and wastewater, power,
chemical process and industrial applications. We help customers around the
world to improve efficiency, reduce emissions, minimise their environmental
impact and assure safety. Rotork employs about 3,200 people, has manufacturing
facilities in more than 17 locations and serves 170 countries through a global
service network. Its shares have a premium listing on the London Stock
Exchange (symbol: ROR) and are a constituent of the FTSE 250 index. For more
information please visit www.rotork.com (http://www.rotork.com/) .

 

ENQUIRIES:

 Rotork  Tel:  +44 (0)1225 733 200

 

 Andrew Carter,  Investor Relations Director
 Stuart Pain,    Group General Counsel & Company Secretary

 

FTI Consulting

 Nick Hasell / Susanne Yule  Tel:  + 44 (0)20 3727 1340

 

Notes:

1.    Dorothy Thompson will become a member of the Nomination Committee on
1 December 2022 and will become Chair of the Nomination Committee from the
conclusion of the Company's next AGM on 28 April 2023.

 

2.    For the purposes of Listing Rule 9.6.13, Dorothy Thompson is
currently a Non-Executive Director of Eaton Corporation plc, listed on the New
York Stock Exchange.  Dorothy was a Director and Group Chief Executive of
Drax Group plc from 2005 to 31 December 2017 and Non-Executive Chair of Tullow
Oil plc from July 2018 to 31 December 2021. There is no further information to
be disclosed pursuant to Listing Rule 9.6.13.

 

3.    The Directors have determined that, upon appointment, Dorothy
Thompson will be independent.

 

4.    Dorothy Thompson's fees, which are in line with the Directors'
Remuneration Policy, will be fully disclosed in the 2022 Directors'
Remuneration Report.

 

Legal Entity Identifier: 213800AH5RZIHGWRJ718

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