Weir Group announces big changes to its board

Barbara Jeremiah

Weir Group, the Glasgow-based global mining and engineering giant, has announced board changes and the establishment of a new board committee.

The FTSE 100 company said that having served on the board for nine years, non-executive director Jim McDonald will be stepping down at the firm’s AGM on April 25, 2024.

Nicola Brewer will succeed McDonald as senior independent director and Ben Magara will succeed Brewer as designated non-executive director for employee engagement with effect from the same date.

Weir also announced it has established a new Sustainability and Technology Committee.

“The Sustainability and Technology Committee will be chaired by independent non-executive director Tracey Kerr, who will be joined by Dame Nicola Brewer, Penny Freer and Ben Magara,” said Weir.

“The Sustainability and Technology Committee will provide both strategic and governance oversight to explore the future of the mining industry and the implications for the Weir Group’s fully integrated business model.”

Weir Group has 12,000 employees operating in over 60 countries, and has a presence in every major mining region of the world.

Weir Group chair Barbara Jeremiah said: “Sustainability and technology are both core to Weir’s purpose to enable the sustainable and efficient delivery of the natural resources essential to create a better future for the world.

“The board and I are delighted to dedicate additional time and resources to these strategic priorities through the establishment of the Sustainability and Technology Committee.

“I would also like to thank Sir Jim for his many years of dedication to the Weir Group and the work of the board since he joined us in 2015.

“Sir Jim’s contribution to the board during his tenure, including in his position of senior independent director, has been both insightful and invaluable.

“On behalf of the company and the board, we wish Sir Jim all the best for the future and are delighted to see Dame Nicola succeed him in this role.”