27th Oct 2015 07:33
LONDON (Alliance News) - Spirax-Sarco Engineering PLC on Tuesday said its long-serving finance chief will step down next year and said it has poached the finance director of Oxford Instruments PLC to replace him.
David Meredith, who has been at Spirax-Sarco for 27 years, will retire from his role following the annual general meeting on May 10, 2016. He has been the finance director of the business, which makes peristaltic pumps and fluid control technologies, for nearly 24 years when he retires next year.
He will be replaced by Kevin Boyd, currently the group finance director of Oxford Instruments, the technology components manufacturer. Boyd will join Spirax-Sarco on April 11, before then taking over when Meredith retires.
Oxford Instruments said the search for Boyd's successor will start immediately.
By Sam Unsted; [email protected]; @SamUAtAlliance
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