Weir Group, the Glasgow-based global engineering and mining giant, announced that Penny Freer has been appointed to its board as an independent non-executive director with effect from October 23, 2023.

Freer will succeed Clare Chapman as chair of Weir’s remuneration committee with effect from December 31, 2023, when Chapman will step down from the board.

“Penny has a background in investment banking, having worked for over 25 years in a range of roles,” said Weir.

“From 2000 to 2004 Penny led Robert W Baird’s UK equities division and prior to this she spent eight years at Credit Lyonnais Securities where she headed the small and mid-cap equities business.

“Penny is chair of The Henderson Smaller Companies Investment Trust plc and Empresaria Group PLC, as well as chair of AP Ventures LLP.

“Penny is also currently chair of Crown Place VCT Plc, and will be stepping down from this role on 22 November 2023 following the company’s annual general meeting.

“Penny has also held a number of non-executive director roles in both public and private companies, including as Senior Independent Director and chair of the Remuneration Committee at Advanced Medical Solutions Group PLC.”

Weir Group chair Barbara Jeremiah said: “I am delighted to welcome Penny to the board of Weir. Penny’s extensive investment experience, as well as her wide-ranging leadership skills across many businesses, both complement and strengthen our board as we continue to execute our strategy.

“I also wish to thank Clare for her significant contribution to the Weir Group, and the work of the board, over her six years with us.”