Directorate Change

Weir Group PLC

24 October 2023

 

Changes to Board of Directors

The Weir Group PLC ("Weir" or "Weir Group") announces that Penelope (Penny) Freer has been appointed to the Board as an independent Non-Executive Director with effect from 23 October 2023. Penny will succeed Clare Chapman as Chair of the Remuneration Committee with effect from 31 December 2023, when Clare will step down from the Board.

Penny has a background in investment banking, having worked for over 25 years in a range of roles. From 2000 to 2004 Penny led Robert W Baird's UK equities division and prior to this she spent eight years at Credit Lyonnais Securities where she headed the small and mid-cap equities business.

Penny is Chair of The Henderson Smaller Companies Investment Trust plc and Empresaria Group PLC, as well as Chair of AP Ventures LLP. Penny is also currently Chair of Crown Place VCT Plc, and will be stepping down from this role on 22 November 2023 following the company's annual general meeting. Penny has also held a number of non-executive director roles in both public and private companies, including as Senior Independent Director and Chair of the Remuneration Committee at Advanced Medical Solutions Group PLC.

Commenting, Barbara Jeremiah, Chair of the Weir Group said:

"I am delighted to welcome Penny to the Board of Weir. Penny's extensive investment experience, as well as her wide-ranging leadership skills across many businesses, both complement and strengthen our Board as we continue to execute our strategy.

I also wish to thank Clare for her significant contribution to the Weir Group, and the work of the Board, over her six years with us. Her leadership as Remuneration Committee Chair was instrumental in the adoption of The Weir Group Share Reward Plan. On behalf of the Company and the Board, we wish Clare all the best for the future."

Board Committee composition

Following Penny's appointment, the Board Committee membership is now as follows:

Audit Committee	Nomination Committee	Remuneration Committee
Stephen Young (Committee Chair)	Barbara Jeremiah (Board Chair and Committee Chair)	Clare Chapman (Committee Chair)
Srinivasan Venkatakrishnan	Dame Nicola Brewer	Penny Freer (Committee Chair Designate)
Tracey Kerr	Sir Jim McDonald	Dame Nicola Brewer
	Ben Magara	Ben Magara
		Stephen Young

There are no other matters that require disclosure under LR 9.6.13 of the UK Listing Rules.

Enquiries:
Investors: Edward Pears Media: Sally Jones Citigate Dewe Rogerson: Kevin Smith	[phone] [phone] [phone] [e-mail]

About The Weir Group PLC

Founded in 1871, The Weir Group PLC is one of the world's leading engineering businesses with a purpose to make its mining and infrastructure customers' operations more sustainable and efficient. Weir's highly engineered technology enables critical resources to be produced using less energy, water and waste while reducing customers' total cost of ownership. The Group is ideally positioned to benefit from structural trends that support long-term demand for its technology including the need for more essential metals to support economic development and carbon transition. The Group has c.12,000 employees operating in over 60 countries with a presence in every major mining region of the world. Find out more at www.global.weir.

Weir's ordinary shares trade on the London Stock Exchange (ticker: WEIR LN) and its American Depositary Receipts trade over-the-counter in the USA (ticker: WEGRY).

 

END