IMI plc strengthens its mergers and acquisitions team - 21 October 2002
IMI plc, the major international engineering group, today announced the appointment of Greg McDonald to lead its Mergers and Acquisition team.
Greg joins IMI after a career in corporate finance, initially with ING Barings and more recently at Deutsche Bank. In his role as a Vice President in Deutsche's European Industrials Group, he worked with major European and US clients in the engineering sector.
Prior to this, Greg ran an engineering business manufacturing furnace components for the petrochemical and refining industries. In 1997 he was part of a team that led a buy-out of William Cook plc, the UK-listed engineering company headquartered in Sheffield.
Greg will report to Barry Pointon, IMI's Executive Director responsible for major business development initiatives including mergers and acquisitions, global procurement, e-commerce, emerging markets and technology innovation.
Martin Lamb, Chief Executive of IMI plc, said “I am pleased we have recruited such a high calibre person as Greg and look forward to his valued contribution as the company continues its repositioning to focus on higher growth areas”.
Information about IMI plc can be found on the website: www.imiplc.com
For further information contact:
IMI plc
Graham Truscott, Communications Director
0121 332 2330
Weber Shandwick Square Mile
Ben Padovan / Peter Corbin
020 7950 2800
Note to editors:
IMI plc is a dynamic 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 and Retail 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' solutions through bespoke solutions rather than a high manufacturing or material content.
IMI is quoted on the London Stock Exchange and is capitalised at approximately £1 billion.
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