REG - Weir Group PLC - Directorate Change

WeirAnnouncement

24/10/2023 08:45

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RNS Number : 1001R  Weir Group PLC  24 October 2023

Changes to Board of Directors

The Weir Group PLC ("Weir" or "Weir Group") announces that Penelope (Penny)
Freer has been appointed to the Board as an independent Non-Executive Director
with effect from 23 October 2023. Penny will succeed Clare Chapman as Chair of
the Remuneration Committee with effect from 31 December 2023, when Clare will
step down from the Board.

Penny has a background in investment banking, having worked for over 25 years
in a range of roles. From 2000 to 2004 Penny led Robert W Baird's UK equities
division and prior to this she spent eight years at Credit Lyonnais Securities
where she headed the small and mid-cap equities business.

Penny is Chair of The Henderson Smaller Companies Investment Trust plc and
Empresaria Group PLC, as well as Chair of AP Ventures LLP. Penny is also
currently Chair of Crown Place VCT Plc, and will be stepping down from this
role on 22 November 2023 following the company's annual general meeting. Penny
has also held a number of non-executive director roles in both public and
private companies, including as Senior Independent Director and Chair of the
Remuneration Committee at Advanced Medical Solutions Group PLC.

Commenting, Barbara Jeremiah, Chair of the Weir Group said:

"I am delighted to welcome Penny to the Board of Weir. Penny's extensive
investment experience, as well as her wide-ranging leadership skills across
many businesses, both complement and strengthen our Board as we continue to
execute our strategy.

I also wish to thank Clare for her significant contribution to the Weir Group,
and the work of the Board, over her six years with us. Her leadership as
Remuneration Committee Chair was instrumental in the adoption of The Weir
Group Share Reward Plan. On behalf of the Company and the Board, we wish Clare
all the best for the future."

Board Committee composition

Following Penny's appointment, the Board Committee membership is now as
follows:

 Audit Committee                  Nomination Committee                                Remuneration Committee
 Stephen Young (Committee Chair)  Barbara Jeremiah (Board Chair and Committee Chair)  Clare Chapman (Committee Chair)
 Srinivasan Venkatakrishnan       Dame Nicola Brewer                                  Penny Freer (Committee Chair Designate)
 Tracey Kerr                      Sir Jim McDonald                                    Dame Nicola Brewer
                                  Ben Magara                                          Ben Magara
                                                                                      Stephen Young

 

There are no other matters that require disclosure under LR 9.6.13 of the UK
Listing Rules.

 Enquiries:
 Investors: Edward Pears   +44 (0) 141 308 3725

 Media: Sally Jones        +44 (0) 141 308 3666

 Citigate Dewe Rogerson:   +44 (0) 207 638 9571

 Kevin Smith               Weir@citigatedewerogerson.com (mailto:Weir@citigatedewerogerson.com)

 

About The Weir Group PLC

Founded in 1871, The Weir Group PLC is one of the world's leading engineering
businesses with a purpose to make its mining and infrastructure customers'
operations more sustainable and efficient. Weir's highly engineered technology
enables critical resources to be produced using less energy, water and waste
while reducing customers' total cost of ownership. The Group is ideally
positioned to benefit from structural trends that support long-term demand for
its technology including the need for more essential metals to support
economic development and carbon transition. The Group has c.12,000 employees
operating in over 60 countries with a presence in every major mining region of
the world. Find out more at www.global.weir.

 

Weir's ordinary shares trade on the London Stock Exchange (ticker: WEIR LN)
and its American Depositary Receipts trade over-the-counter in the USA
(ticker: WEGRY).

 

 

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