23rd Sep 2014 06:47
LONDON (Alliance News) - Engineering group IMI PLC Tuesday said Daniel Shook has been appointed as its next finance director.
Shook will join the company on January 1, 2015 as finance director designate and will then succeed Douglas Hurt in the role in early 2015, the FTSE 100 company said.
Hurt will step down from the board of the company and retire from his position with IMI following its annual general meeting on May 7, 2015.
Shook is currently chief financial officer at Borealis AG, the Austria-based chemical and plastics producer.
Mark Selway, chief executive of IMI, said Shook's "skills and expertise will be of great benefit as we work to double IMI's 2014 operating profits over the next five years".
"Douglas has played a major role in IMI's evolution over the course of the last eight years. I would like to thank him for his commitment to the Group and, on behalf of everyone at IMI, I wish him all the very best for the future," Selway added.
By Sam Unsted; [email protected]; @SamUAtAlliance
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