Spirax Sarco appoints next Chief Financial Officer

Nimesh Patel Spirax Sarco

SpiraxSarco Engineerinplc, the Cheltenham-headquartered world leader in thermal energy management, peristaltic pumping and associated fluid path technologies, has announced that Nimesh Patel will join the Board as Chief Financial Officer and Executive Director.

Nimesh will join Spirax Sarco before the end of July 2020 and will succeed Kevin Boyd as Chief Financial Officer and a member of the Board.

Nimesh is currently Chief Financial Officer of the De Beers Group, which is majority owned by Anglo American plc. He has more than 22 years of experience in senior finance roles including his role with De Beers and as Group Head of Corporate Finance for Anglo American plc. Nimesh intends to relocate to Cheltenham with his family.                                                                                                                                              

On 11th March 2020, Kevin Boyd announced his desire to retire from the Board and the Group.  Further details regarding the completion date of their handover, Kevin’s retirement date and Nimesh’s compensation will be provided when Nimesh joins the Group.  

Commenting on Nimesh’s appointment, Jamie Pike, Board Chair, said:

“I am delighted to welcome Nimesh to Spirax Sarco.  Nimesh is a dynamic and highly capable Chief Financial Officer and I look forward to working closely with him as the Group progresses.” 

Nicholas Anderson, Group Chief Executive, added: “I am delighted that Nimesh has agreed to join our team and continue the important work developed by Kevin.  I am certain his experience, intellect and energy will bring many contributions and I look forward to developing with Nimesh the close working relationship I enjoy with Kevin.”