19 April 2006
19 April 2006
IMI announces appointment of new Finance Director
IMI plc, the major international engineering group, today announces the
appointment 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 number
of senior finance and operational positions since qualifying as a Chartered
Accountant in 1980. His career has included several years working in the USA and
significant experience in European businesses including periods as a Chief
Financial Officer and as an Operational Managing Director. He succeeds Trevor
Slack who is retiring at the end of July, aged sixty, after thirty years with
IMI, the last nine as Finance Director. Mr Hurt will join IMI on 1 May and
become 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 after
Trevor Slack's retirement. During a long and successful career with
GlaxoSmithKline, Douglas has acquired tremendous experience of international
business, both in finance and operational roles. Trevor is an outstanding
Finance Director and has made a great contribution during his career at IMI.
Trevor is retiring, having reached the normal retirement age for executive
directors, and we wish him a long and happy retirement'.
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Graham Truscott, Communications Director Tel: 0121 717 3712
Weber Shandwick Square Mile
Nick Oborne Tel: 020 7067 0700
Note to editors:
IMI plc is an international engineering business specialising in innovative
solutions and services for a wide range of industrial and retail customers. Its
future growth is being built on the two business areas of Fluid Controls (Severe
Service, Fluid Power, Indoor Climate) and Retail Dispense (Beverage Dispense,
IMI's operations in these two business areas share the following core
characteristics: strong market positions in growing markets; the ability to be
clearly differentiated from their competitors through technological innovation
or after-sales service; and the provision of 'added value' through bespoke
solutions rather than a high manufacturing or material content.
IMI is quoted on the London Stock Exchange and is capitalised at approximately
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