Rotork PLC CEO transition (3236H)
03 Agosto 2021 - 3:00AM
UK Regulatory
TIDMROR
RNS Number : 3236H
Rotork PLC
03 August 2021
3 August 2021
Rotork Plc ('Rotork')
Directorate Change
CEO transition
Rotork plc today announces that Kevin Hostetler has informed the
Board of his decision to return home to the US with his young
family next year.
Kevin is fully committed to leading Rotork through his notice
period, and to ensuring an effective handover to his successor, at
which time he will step down from the Board and as Chief Executive
Officer of Rotork. This process is expected to conclude by 30 June
2022.
The Board, led by the Chairman, Martin Lamb, has commenced the
search for a new CEO which will consider both external and internal
candidates. A further update will be provided in due course.
Martin Lamb, Chairman of Rotork, commented:
"Since joining Rotork in early 2018, Kevin has demonstrated
impressive leadership in developing and successfully implementing
our Growth Acceleration Programme . On leaving, he will have
overseen the vast majority of this 5-year programme, which has
fundamentally reshaped our core platform and processes,
strengthened our management team, and positioned Rotork for a
bright future. On behalf of the Board, I would like to thank Kevin
for his substantial contribution to date and his ongoing commitment
to leading Rotork through to the middle of next year."
Enquiries:
FTI Consulting
Nick Hasell/Susanne Yule Tel: + 44 (0)20 3727 1340
Rotork plc
Andrew Carter, Investor Relations Tel: +44 (0)1225 733 200
Director
Notes:
Legal Entity Identifier: 213800AH5RZIHGWRJ718
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END
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