REG - Rotork PLC - Appointment of Chief Executive Officer

RotorkAnnouncement

10/01/2022 07:05

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RNS Number : 8469X  Rotork PLC  10 January 2022

 

Rotork Plc

Appointment of Chief Executive Officer

 

10 January 2022

Rotork plc ("Rotork"), the global flow control and instrumentation group,
announces the appointment of Kiet Huynh as Chief Executive Officer ("CEO").
Kiet is currently Managing Director of the Group's Water & Power and
Chemical, Process & Industrial ("CPI") divisions. He joins the Rotork
Board and assumes the role of CEO with immediate effect.

In August 2021, the Company announced that Kevin Hostetler had informed the
Board of his plans to return to the US. Kevin has today stepped down from the
Board and as CEO but will remain available to support a smooth transition.

Martin Lamb, Chairman of Rotork commented: "I am delighted to have in place a
candidate of Kiet's calibre to succeed Kevin as CEO. During his time with
Rotork Kiet has excelled in the leadership of both the CPI division and, more
recently, the Water & Power division, with a clear focus on driving
profitable growth through close attention to customer needs and a strong
commitment to product and service innovation. He has the leadership skills and
operational experience to build on the excellent progress made over the last
four years through the Growth Acceleration Programme, and to chart a course
for accelerated growth in the years ahead."

"I would like to thank Kevin for his excellent contribution to the business.
He hands over a fundamentally much-improved company to his successor. We wish
him and his family every success on their return to the US."

Kiet Huynh said: "I am very proud to have been appointed CEO of Rotork. The
Group is a world-leading business, with a clear purpose and strategy, talented
and dedicated people and great potential for growth to enable a sustainable
future. I have spent most of my career in the flow control and instrumentation
sectors, delivering high value solutions and services to customers and end
users, including the last four years heading divisions of Rotork. I look
forward to leading the team to drive growth and leverage the benefits of the
Growth Acceleration Programme."

Kevin Hostetler commented: "I am pleased the Board has selected Kiet to
succeed me as CEO. I have greatly enjoyed my time at Rotork and working with
Kiet over the last four years. I wish him well in his new role and will
continue to support him however I can."

Rotork will publish 2021 full-year results on Tuesday 1 March 2022.

 

Enquiries:

Rotork
plc
Tel:  +44 (0)1225 733 200

Kiet Huynh, Chief Executive Officer

Jonathan Davis, Finance Director

Andrew Carter, Investor Relations Director

 

FTI
Consulting
Tel:  + 44 (0)20 3727 1340

Nick Hasell / Susanne Yule

Legal Entity Identifier: 213800AH5RZIHGWRJ718

 

Kiet Huynh - biography

Kiet Huynh (pronounced 'Gig Win') is 42 and graduated with a Masters in
Mechanical Engineering from the University of Birmingham in 2001. He has more
than 15 years' experience working as a senior executive for world leading
industrial companies including IMI and Trelleborg. He joined Rotork in 2018 as
Managing Director responsible for the Instruments division. Following the
Group's divisional realignment in 2019 he has led both the Chemical, Process
& Industrial and the Water & Power divisions which together
represented over half of Rotork's revenue and adjusted operating profits in H1
2021. Kiet is a UK citizen, originally born in Vietnam, and lives with his
family in Bristol.

There is no information in respect of Kiet Huynh to be disclosed pursuant to
Listing Rule 9.6.13.

 

About Rotork

Rotork is a market-leading global provider of mission-critical flow control
and instrumentation 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 3,400 people, has manufacturing
facilities in more than 15 locations and serves 173 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) .

 

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