skip to content

Director Appointments

Rotork CEO leaves as company reviews 'low growth' environment

28 July 2017 08:13

Peter France has resigned as chief executive of Rotork (ROR), the manufacturer of industrial flow control equipment.

The company said it followed period of reflection on the steps required to return to higher growth and margin levels in what is likely to be a generally lower growth macro environment.

Steps include accelerating investment in key areas such as product innovation and customer service and driving greater efficiencies.

"The board and Peter have mutually agreed that the time is right for a new chief executive to lead these initiatives," the company said.

Chairman Martin Lamb will assume the role of full time executive chairman with immediate effect, until a successor can be appointed.

At 8:13am: (LON:ROR) Rotork PLC share price was -10.75p at 241.25p

Story provided by StockMarketWire.com

Related Company: ROR

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.