Rotork PLC Appointment of Chief Executive Officer (8469X)
10 Janeiro 2022 - 4:00AM
UK Regulatory
TIDMROR
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 .
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