Spirax-Sarco Engineering plc announced that Nicholas Anderson, Group Chief Executive, has indicated to the Board his desire and intention to retire in early 2024, upon completion of ten years in this role. Board is delighted to announce that Nimesh Patel is appointed Group Chief Executive and will take up the position on 16th January 2024. Nimesh joined the Group in 2020 as Chief Financial Officer and his appointment to Group Chief Executive follows a rigorous succession process.

Nick will step down as Group Chief Executive and from the Board on 16th January 2024 but remain as an employee of the Group until 31st March 2024, acting in an advisory capacity to support Nimesh as he transitions into the role of Group Chief Executive.