Global engineering firm appoints new chief executive

Gloucestershire engineering firm Spirax Serco has appointed a new chief executive to lead the business.

The global thermal energy management and fluid technology solutions group has confirmed that Nimesh Patel has taken up the role of group chief executive following the retirement of Nicholas Anderson.

Phil Scott has also taken up the position of interim chief financial officer.

Nimesh Patel said: “I am privileged to be taking on the leadership of this great Company at such an exciting and important time.

“Under Nick’s leadership we have evolved to become a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities. What we do is critical to the efficiency, safety and sustainability of our customers industrial processes and equipment, including the delivery of decarbonisation solutions in support of their sustainability goals.

“I am looking forward to working with my executive team and colleagues across the organisation to deliver on the exciting opportunities we see ahead for the Group in 2024 and beyond.”

The group is headquartered in Cheltenham, has 40 strategically located manufacturing plants around the world and employs more than 10,000 employees including more than 2,100 direct sales and service engineers.

The company’s shares have been listed on the London Stock Exchange since 1959 and it is FTSE100 business.