Business
Chief Executive Appointment
Chief Executive Appointment.
About this update from Rotork Plc
[{"type":"text","content":"\n \nRNS Number : 9112A Rotork PLC 04 January 2018 \n\n \nRotork plc\nChief Executive Appointment\n \nRotork plc, the market-leading actuator manufacturer and flow control company, today announces the appointment of Kevin Hostetler as Chief Executive. Kevin will join the Board on 12 February 2018 and assume the role of Chief Executive from 12 March 2018. Martin Lamb, currently Executive Chairman, will then revert to his role as Non-Executive Chairman.\n \nMartin Lamb, Executive Chairman of Rotork commented:\n \n\"I am delighted that we have secured Kevin Hostetler as our new Chief Executive. Kevin has an impressive track record of delivering profitable growth in a number of highly respected and innovative global engineering businesses, with significant experience in the flow control sector. He adopts leading edge practices and processes honed at Ingersoll Rand, and has delivered transformational growth for shareholders at IDEX Corp, a flow control business with highly engineered products and strong customer service requirements serving similar end markets to Rotork. Kevin has recently concluded a successful exit after leading a three-year turnaround at FDH Velocitel, a private equity backed telecoms business in the US, and will relocate from Chicago to Bath. We look forward to welcoming Kevin to Rotork\".\n \nKevin Hostetler said:\n \n\"I am honoured to have been selected to lead one of the world's premier engineering solutions businesses. Rotork has an impressive track record founded on market-leading technologies, strong customer service and excellent people. I am excited by the opportunity to build on those firm foundations and lead Rotork through its next phase of development. I look forward to joining in February and assuming the Chief Executive role in March\".\nEnquiries:\n\n\n\n\nRotork plc\n\n\nTel: +44 (0)1225 733 200\n\n\n\n\nMartin Lamb, Executive Chairman\n\n\n \n\n\n\n\nJonathan Davis, Finance Director\n\n\n \n\n\n\n\nSarah Matthews-DeMers, Director of Strategy and Investor Relations\n\n\n\n\n \n\n\n \n\n\n\n\nFTI Consulting \n\n\nTel: + 44 (0)20 3727 1340\n\n\n\n\nNick Hasell / Susanne Yule\n\n\n \n\n\n\n\nNotes:\n1. Kevin Hostetler biography:\n \nKevin has acco...