Weir Group PLC Weir announces Minerals President succession
RNS Number : 0063U
Weir Group PLC
28 July 2022
Weir announces Minerals President succession
-- Ricardo Garib to retire as Minerals President at end of 2022
after a distinguished 43 year career
-- Andrew Neilson appointed Minerals President after successful leadership period at ESCO
The Weir Group PLC announces that after 43 years' service,
Ricardo Garib will retire as President of Weir Minerals with effect
from 31 December 2022. He will be succeeded by Andrew Neilson, who
is currently President of Weir ESCO. Details of Andrew's successor
will be announced in due course.
Ricardo has made an enormous contribution to Minerals and Weir.
Since his appointment as President of Minerals in 2016, he has led
the division from strength to strength. Andrew became President of
ESCO in early 2020 and has successfully delivered the acquisition
synergies, built the growth strategy and improved ESCO's safety and
A process to identify a successor to Andrew as ESCO President is
well advanced and we expect to announce further details in due
Ricardo and Andrew, together with Andrew's successor, will work
together in a transition period over the fourth quarter.
Commenting on these management changes, Jon Stanton, CEO
"I'd like to pay tribute to Ricardo Garib for his outstanding
contribution to our company and the mining industry over many
years. His absolute focus on safety and unwavering dedication to
serving our customers has been second to none. On behalf everyone
at Weir, I'd like to thank Ricardo for all he has done and wish him
a very happy retirement."
"I am delighted that Andrew Neilson will succeed Ricardo. Andrew
knows Minerals inside out and has a wealth of experience from
across our business. With his strong track record of execution and
delivery, I am sure he will lead Minerals to new heights and I look
forward to working with him in his new role."
Andrew Neilson joined Weir in 2010 as Head of Strategy and
joined the Group Executive in 2014 as Director of Strategy and
Corporate Affairs. In 2017 he moved to the USA as Finance Director
of Minerals Division, before taking on the role of Chief
Integration Officer to lead the integration of ESCO into Weir.
Andrew then led the Europe, North Africa and Russia region for
Minerals, before returning to the United States in July 2020 as
President of ESCO. Andrew holds a Masters degree in engineering and
is a qualified accountant.
Investors: Edward Pears +44 (0) 141 308 3725
Media: Sally Jones +44 (0) 141 308 3666
Citigate Dewe Rogerson: +44 (0) 207 638 9571
Kevin Smith Weir@citigatedewerogerson.com
About The Weir Group PLC
Founded in 1871, The Weir Group PLC is one of the world's
leading engineering businesses with a purpose to make its mining
and infrastructure customers' operations more sustainable and
efficient. Weir's highly engineered technology enables critical
resources to be produced using less energy, water and waste while
reducing customers' total cost of ownership. The Group is ideally
positioned to benefit from structural trends that support long-term
demand for its technology including the need for more essential
metals to support economic development and carbon transition. The
Group has c.11,000 employees operating in over 60 countries with a
presence in every major mining region of the world. Find out more
at www.global.weir .
Weir's ordinary shares trade on the London Stock Exchange
(ticker: WEIR LN) and its American Depositary Receipts trade
over-the-counter in the USA (ticker: WEGRY).
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July 28, 2022 02:03 ET (06:03 GMT)
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