Weir Group announces more board changes

Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, announced that National Grid CFO Andy Agg has been appointed to the Weir board as an independent non-executive director with effect from February 27, 2024.

“Andy brings significant financial experience to the board in light of his role as chief financial officer of National Grid plc,” said Weir.

“Andy joined National Grid in 2008 and prior to his current position held several senior finance leadership roles across the National Grid group, including as group financial controller, UK CFO and group tax and treasury director.

“Andy started his career at PricewaterhouseCoopers and is a member of the Institute of Chartered Accountants in England and Wales.”

Andy Agg

Weir also announced that independent non-executive director Srinivasan Venkatakrishnan (Venkat) has informed the board of his intention to step down with effect from March 31, 2024, to pursue other opportunities. He will not be seeking re-election at Weir’s forthcoming annual general meeting on April 25, 2024.

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

Weir Group chair Barbara Jeremiah said: “I am delighted to welcome Andy to the Weir board.

“Andy has built a long and successful career as a finance leader, and he brings to the board both his financial and commercial acumen, experience in leading significant transformation programmes and significant transactional experience.

“We look forward to working with Andy as we drive forward our strategic objectives for Weir.

“I also wish to thank Venkat for his contributions to the work of the board and the audit committee over the course of his tenure and we will miss his counsel and advice.

“On behalf of the company and the board, we wish Venkat all the best for the future.”