Bodycote PLC Group Chief Executive Appointment (4425Q)
18 Outubro 2023 - 3:00AM
UK Regulatory
TIDMBOY
RNS Number : 4425Q
Bodycote PLC
18 October 2023
www.bodycote.com
18 October 2023
THIS ANNOUNCEMENT IS MADE PURSUANT TO PARAGRAPH 9.6.11R OF THE
LISTING RULES AND CONTAINS INSIDE INFORMATION
Bodycote plc
Group Chief Executive Appointment
Bodycote plc ("the Company"), the world's leading provider of
heat treatment and specialist thermal processing services, today
announces the appointment of Jim Fairbairn as Group Chief Executive
to succeed Stephen Harris on his retirement. Jim is expected to
join the Company and the Board in March 2024 and become Group Chief
Executive in May 2024 following an orderly transition. Stephen will
step down from the Board and retire from the Company at the next
Annual General Meeting on 31 May 2024.
Jim, 54, has considerable experience in managing engineering
businesses, having worked with John Wood Group, PE-owned Clyde
Bergemann, Howden Group and Megger Group in a career spanning over
three decades, with substantial experience as a Divisional and then
Group CEO.
Jim joins Bodycote from test & measurement specialist Megger
Group in Dover, which he joined as Group CEO in 2017. Under his
leadership, its revenues have materially grown to GBP325m, with
operating margins expanding significantly. He also meaningfully
evolved Megger's strategy and culture over this period. Prior to
Megger, he held executive positions with Howden Group in Glasgow
from 2009-2017, concluding his time there as President of the
Howden Power, Environment and Process business with global product
and service revenues of over $1 billion with 19 sites
worldwide.
During his time in Glasgow, Jim chaired the Glasgow Employer
Coalition, helping long-term unemployed into work, for which he was
awarded an OBE in 2007. Jim has a degree in Mechanical Engineering
from the University of Strathclyde, is a Chartered Engineer, a
Fellow of the Royal Academy of Engineering and has an honorary
Doctor of Science from City University.
Chair of Bodycote, Daniel Dayan, said:
"The Board is delighted to appoint Jim as Bodycote's next Group
Chief Executive. His track record in leading and developing
specialist global industrial businesses and teams is outstanding
and will enable him to contribute rapidly. His understanding of
many of our processes, many of our customers, and the nature of our
highly varied markets will be of enormous value. I look forward to
working with Jim to drive the continuing development and growth of
Bodycote."
Group Chief Executive, Stephen Harris said:
"I am confident Jim has the right skills and experience to
continue to drive the Company's strategy and performance over the
coming years. In the meantime, I remain focused on the initiatives
we have in place to develop and solidify Bodycote's leadership
position in its chosen markets."
Jim is currently a member of the Dover Harbour Board and expects
to have resigned from that position before starting with Bodycote.
There are no other details to disclose relating to Jim Fairbairn
under paragraph 9.6.13R of the Listing Rules.
About Bodycote
With more than 165 accredited facilities in 22 countries,
Bodycote is the world's largest provider of thermal processing
services. Through Specialist Technologies and classical heat
treatment, Bodycote improves the properties of metals and alloys,
extending the life of vital components for a wide range of
industries, including aerospace, defence, automotive, power
generation, medical, oil & gas, construction, and
transportation. Customers in all of these industries have entrusted
their products to Bodycote's care for more than 50 years. For more
information, visit www.bodycote.com .
Disclosure
This announcement contains inside information for the purposes
of Article 7 of Regulation 2014/596/EU, which is part of domestic
UK law pursuant to the Market Abuse (Amendment) (EU Exit)
Regulations (SI 2019/310) ("UK MAR"). Upon the publication of this
announcement, this inside information (as defined in UK MAR) is now
considered to be in the public domain. The General Counsel of
Bodycote is the person responsible for making this disclosure.
For further information, please contact:
Bodycote plc
Daniel Dayan, Chair
Tel: +44 1625 505 300
FTI Consulting
Richard Mountain
Susanne Yule
Tel: +44 203 727 1340
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END
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