Weir appoints Heasley as chief financial officer

John Heasley

Glasgow-based engineering company Weir Group appointed John Heasley as chief financial officer with immediate effect.

Heasley succeeds Jon Stanton who was appointed Weir Group chief executive on October 1.

Heasley has worked at Weir since 2008 and has been a member of its 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.

Heasley’s previous experience also includes finance positions with ScottishPower, PwC and Andersen. He is a Chartered Accountant and a member of the Institute of Chartered Accountants of Scotland.

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.”

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 Group said revenue in the six months to June 30 fell to £866 million from £981 million for the same period last year and pre-tax profit slipped from £108 million to £82 million as activity in oil and gas markets remained at “very low levels.”