REG - Weir Group PLC - Directorate Change

WeirAnnouncement

27/02/2024 10:00

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RNS Number : 6165E  Weir Group PLC  27 February 2024

Changes to Board of Directors

The Weir Group PLC ("Weir" or "Weir Group") announces that Andy Agg has been
appointed to the Board as an independent Non-Executive Director with effect
from today, 27 February 2024.

Andy brings significant financial experience to the Board in light of his role
as Chief Financial Officer of National Grid plc ("National Grid"). Andy joined
National Grid in 2008 and prior to his current position held several senior
finance leadership roles across the National Grid group, including as Group
Financial Controller, UK CFO and Group Tax and Treasury Director. Andy started
his career at PricewaterhouseCoopers and is a member of the Institute of
Chartered Accountants in England and Wales.

Weir also announces that independent Non-Executive Director, Srinivasan
Venkatakrishnan (Venkat) has informed the Board of his intention to step down
(with effect from 31 March 2024) to pursue other opportunities, and therefore
will not be seeking re-election at Weir's forthcoming annual general meeting
on 25 April 2024.

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

"I am delighted to welcome Andy to the Weir Board. Andy has built a long and
successful career as a finance leader, and he brings to the Board both his
financial and commercial acumen, experience in leading significant
transformation programmes and significant transactional experience. We look
forward to working with Andy as we drive forward our strategic objectives for
Weir.

I also wish to thank Venkat for his contributions to the work of the Board and
the Audit Committee over the course of his tenure and we will miss his counsel
and advice. On behalf of the Company and the Board, we wish Venkat all the
best for the future."

Board Committee composition

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

 Audit Committee                            ·      Stephen Young (Committee Chair)

                                            ·      Srinivasan Venkatakrishnan*

                                            ·      Tracey Kerr

                                            ·      Penny Freer

                                            ·      Andy Agg
 Nomination Committee                       ·      Barbara Jeremiah (Board Chair and Committee Chair)

                                            ·      Dame Nicola Brewer

                                            ·      Sir Jim McDonald**

                                            ·      Ben Magara
 Remuneration Committee                     ·      Penny Freer (Committee Chair)

                                            ·      Dame Nicola Brewer

                                            ·      Ben Magara

                                            ·      Stephen Young
 Sustainability & Technology Committee      ·      Tracey Kerr (Committee Chair)

                                            ·      Dame Nicola Brewer

                                            ·      Ben Magara

                                            ·      Andy Agg

 

* Until 31 March 2024

** Until 25 April 2024 - as announced on 19 December 2023, having served on
the Board for nine years, Sir Jim McDonald will not be standing for
re-election at this year's annual general meeting

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

Graham Vanhegan

Chief Legal Officer and Company Secretary

 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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