12 June 2009 - Change of Board responsibilities and change of auditor
IMI plc, the international engineering group, announces that Bob Stack, non-executive director, has today been appointed as Chairman of the Remuneration Committee. He is also chairman of J Sainsbury’s remuneration committee and was an executive director of Cadbury plc with responsibility for human resources. Bob takes over from Kevin Beeston, non-executive director, who chaired the committee for the last four years and will continue to be a member of this committee.
As previously reported, a formal, competitive process for the selection of an audit firm has been carried out and the Board has today, in line with the Audit Committee’s recommendation, approved the appointment of Ernst & Young. Ernst & Young will conduct the review of the Group’s 2009 Interim Management Report which will be issued on 27 August 2009.
- Ends -
Enquiries:
IMI plc
Will Shaw
Tel: 0121 717 3712
Weber Shandwick Financial
Nick Oborne / Stephanie Badjonat
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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