4
November 2024
Directorate
Change
Luke Grant appointed Chief
Financial Officer
IMI plc ("IMI" or the "Group"), the
specialist engineering company, today announces the appointment of
Luke Grant as Chief Financial Officer ("CFO") and Executive
Director with effect from 25 July 2025.
Luke will succeed Daniel Shook who,
in July 2024, announced his intention to step down for family
reasons. After 10 years of service, Daniel will step down from the
Board on 25 July 2025 and will remain available to the Group until
the end of 2025 to support an orderly transition.
Luke has been with IMI for 11 years
and is currently Vice President of Finance for the Industrial
Automation sector. Prior to this, Luke was Group Financial
Controller and Head of Investor Relations. He has also held senior
finance positions within IMI's former Precision Engineering
division, based in Germany. Luke spent the early part of his career
working in the audit practice of EY. Full remuneration details will
be disclosed in our 2024 Directors' Remuneration Report.
Lord Smith of Kelvin, Chair of IMI,
commented:
"Luke is a highly respected member
of our senior finance team and I am delighted that he will be
joining the Board. His appointment demonstrates our robust
succession planning and our ability to promote from within. On
behalf of the Board, I would like to welcome him to his new role.
We are enormously grateful to Daniel for his service to IMI, during
which time he has played a vital role in creating the business we
have today. Luke's promotion is testament to the strength of the
finance function that Daniel has helped to build."
Roy
Twite, Chief Executive Officer of IMI, said:
"It has been a privilege to work
with Daniel over the last nine years. He has been a valued
colleague providing support and counsel, and I wish him all the
very best for the future. Luke is an outstanding successor. For
more than a decade at IMI, he has demonstrated his financial
expertise, global mindset and commitment to our culture. He has a
deep knowledge of IMI and the drivers of its performance, which
will ensure continuity as we continue to grow and improve the
business."
Luke Grant, incoming Chief Financial Officer of IMI,
added:
"I am honoured to be appointed as
CFO of IMI. I have had the privilege of working in a variety of
senior finance roles in my time with the Group, and I am excited
about the opportunity to join the Board and the Executive Committee
to capitalise on the opportunities we have ahead."
There are no matters that require
disclosure under UKLR 6.4.8R.
For further information, please
contact:
Louise
Waldek
Company
Secretary
Tel: 0121 717 3700
Matt Denham
Headland
Tel: +44 (0)7551
825 496
End.