19th Apr 2006 08:30
IMI PLC19 April 2006 19 April 2006 IMI plc IMI announces appointment of new Finance Director IMI plc, the major international engineering group, today announces theappointment of Douglas Hurt as Finance Director with effect from 1 July 2006. Mr Hurt, aged 49, joins IMI from GlaxoSmithKline plc where he has held a numberof senior finance and operational positions since qualifying as a CharteredAccountant in 1980. His career has included several years working in the USA andsignificant experience in European businesses including periods as a ChiefFinancial Officer and as an Operational Managing Director. He succeeds TrevorSlack who is retiring at the end of July, aged sixty, after thirty years withIMI, the last nine as Finance Director. Mr Hurt will join IMI on 1 May andbecome Finance Director from 1 July 2006. Norman Askew, IMI's Chairman, commented: "We are delighted that Douglas Hurt will be taking over the finance role afterTrevor Slack's retirement. During a long and successful career withGlaxoSmithKline, Douglas has acquired tremendous experience of internationalbusiness, both in finance and operational roles. Trevor is an outstandingFinance Director and has made a great contribution during his career at IMI.Trevor is retiring, having reached the normal retirement age for executivedirectors, and we wish him a long and happy retirement". - Ends - IMI plcGraham Truscott, Communications Director Tel: 0121 717 3712 Weber Shandwick Square MileNick Oborne Tel: 020 7067 0700 Note to editors: IMI plc is an international engineering business specialising in innovativesolutions and services for a wide range of industrial and retail customers. Itsfuture growth is being built on the two business areas of Fluid Controls (SevereService, Fluid Power, Indoor Climate) and Retail Dispense (Beverage Dispense,Merchandising Systems). IMI's operations in these two business areas share the following corecharacteristics: strong market positions in growing markets; the ability to beclearly differentiated from their competitors through technological innovationor after-sales service; and the provision of 'added value' through bespokesolutions rather than a high manufacturing or material content. IMI is quoted on the London Stock Exchange and is capitalised at approximately£1.9bn. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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