IMI announces appointment of new Finance Director - 19 April 2006
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".
Douglas Hurt
- Ends -
IMI plc
Graham Truscott, Communications Director
Tel: 0121 717 3712
Weber Shandwick Square Mile
Nick Oborne
Tel: 020 7067 070
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, Merchandising Systems).
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 £1.9bn.
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