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Directorate change at Weir Group

Stepping down – Weir Group’s chief financial officer John Heasley
Stepping down – Weir Group’s chief financial officer John Heasley

John Heasley stepping down as CFO to take up new role as finance director of Anglo American

THE Weir Group plc have announced that chief financial officer (CFO) John Heasley has decided to step down from the board and his role as CFO to take up a new role as finance director at Anglo American plc.

He is expected to leave Weir to start his new role by the end of the year, and the board has commenced a process to appoint his successor.

Mr Heasley joined Weir in 2008, holding a number of financial and general-management roles before being appointed to the group executive as president of Weir’s former Flow Control Division in 2014 and then to the board of directors as CFO in 2016.

 

As a highly valued member of the board and group executive, he has played a significant role in the Weir Group’s portfolio transformation into a global mining technology leader and the subsequent execution of its refreshed strategy.

Commenting on the announcement, Jon Stanton, chief executive officer of the Weir Group, said: ‘I would like to thank John for his significant contribution to the Group. Under his leadership we have strengthened our financial position and further enhanced our functional finance capability. He leaves an excellent team and a strong balance sheet. We all wish him well for the future.

‘Looking ahead, I’m excited about the prospects for Weir. Our leading capabilities, clear strategy and strong balance sheet positions us to capitalize on the growth opportunity from global decarbonization and the adoption of new sustainable technologies in mining. In addition, our Performance Excellence transformation programme is enabling us to optimize the Group and further expand our margins.’

Barbara Jeremiah, chair of the Weir Group, added: ‘John has been an outstanding member and valued colleague on the Weir board. He has been a strong advocate for our inclusion, diversity and equity agenda as its executive sponsor, and has played a key role in establishing our Performance Excellence programme. On behalf of the board, I would like to thank John and wish him every success in his new role.’

She continued: ‘We look forward to welcoming a new CFO to Weir to lead our finance team, and we will provide a further update on this once our process has concluded.’

Mr Heasley said: ‘It has been a privilege to work at Weir for the last 15 years. I would like to thank my colleagues around the world for their support and friendship and I wish them and the Group much continued success.’

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