17th Dec 2008 14:00
17 December 2008
IMI plc
IMI plc retirement of non-executive director
IMI plc, the major international engineering solutions business, announces that Lance Browne, who has been a non-executive director of IMI since 2005, has decided to retire from the Board with effect from 31 December 2008. Lance will remain as Chairman of the IMI China Advisory Board, which he helped to establish in 2005, and will continue to provide valuable support to the Group's activities in China where he has lived and worked for over 20 years. Following Lance's retirement IMI's Board will remain well balanced with a non-executive chairman, four non-executive directors and four executive directors.
Norman Askew, Chairman of IMI, said:
"I would like to thank Lance for his considerable contribution to the IMI Board. His extensive knowledge and experience of China has been particularly helpful as the Group has grown its sales and manufacturing base in this market. I am pleased that we will be able to continue to access Lance's skills in this regard going forwards."
- Ends -
For further information contact:
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IMI plc |
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Will Shaw |
Tel: 0121 717 3712 |
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Weber Shandwick Financial |
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Nick Oborne/Stephanie Badjonat/Clare Perks |
Tel: 020 7067 0700 |
Notes to editors
IMI is a dynamic, worldwide company delivering innovative engineering solutions to leading global customers in clearly defined niche markets. Its five businesses share a common goal - to convert their industry knowledge and market insight into customised, design-engineered solutions which create customer advantage and value. These include severe service valves, motion and fluid control systems, indoor climate controls, beverage dispense systems, and merchandising display systems for retail operations.
Close customer relationships, strong positions in growing markets and clear differentiation through technological innovation or service are the defining characteristics of all IMI businesses.
IMI is quoted on the London Stock Exchange. Information about IMI plc can be found on the website: www.imiplc.com.
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