John Heasley appointed Weir Group Chief Financial Officer

The Board of The Weir Group PLC is pleased to announce the appointment of John Heasley as Chief Financial Officer with immediate effect.

John has worked with Weir since 2008 and been a member of the Group Executive since 2014 as Divisional Managing Director of the Flow Control division. He joined Weir as Group Financial Controller and has since held a number of financial and operational roles across the business. John’s previous experience also includes finance positions with ScottishPower plc, PwC and Andersen. He is a Chartered Accountant and a member of the Institute of Chartered Accountants of Scotland.

Weir Group Chairman Charles Berry commented:

“I am delighted to welcome John to the Board as Chief Financial Officer. He brings a broad range of experience to the role, including significant financial and operational success in several roles within the Group. I am certain he will play a big part in Weir’s future success.”

John Heasley succeeds Jon Stanton who was appointed Weir Group Chief Executive on 1 October 2016.

Jon Stanton said:

“Weir possesses an outstanding leadership team around the world and John’s appointment reflects the depth of talent within the Group. Under his leadership, Flow Control achieved significant operational and financial improvement. I look forward to working with him and the rest of the global team as we continue to deliver sustainable growth for our shareholders and further innovative solutions for our customers.”

Responding to his appointment, John Heasley said:

“It is an honour to be appointed Chief Financial Officer and to join the Board of one of the world’s great engineering businesses. Weir has a proud history and an exciting future and I look forward to helping the Group extend its global leadership positions.”

A recruitment process is under way to appoint a new Divisional Managing Director of Weir Flow Control and a further announcement will be made in due course.

There are no other details to disclose relating to John Heasley under paragraph 9.6.13 of the Listing Rules.

John Heasley biography

John joined Weir in 2008 as Group Financial Controller and served as Interim Group Finance Director in 2009-2010. He has held a number of senior roles across the organisation including Managing Director of Valves in the former Power & Industrial division and Divisional Managing Director of Weir Flow Control. A graduate of the University of Strathclyde, John is a Chartered Accountant and member of the Institute of Chartered Accountants of Scotland. His previous experience includes Group Financial Controller of ScottishPower plc and working for professional services companies PwC and Arthur Andersen in audit and mergers and acquisitions roles. John is also a non-executive director and Honorary Treasurer of the Royal Scottish National Orchestra.