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Spirax Sarco Engineering ( (GB:SPX) ) has provided an update.
Spirax Group plc announced the succession of its Board Chair, with Tim Cobbold taking over from Jamie Pike as of January 1, 2025. Having joined the company in September 2024, Cobbold was previously a Non-Executive Director and Chair Designate, and he aims to continue the company’s evolution through collaboration with board colleagues and maintaining an open dialogue with shareholders. This leadership change reflects Spirax Group’s ongoing commitment to leveraging opportunities and advancing its strategic goals in the industrial sector.
More about Spirax Sarco Engineering
Spirax Group plc, formerly known as Spirax-Sarco Engineering, plays a crucial role in the industrial transition to net zero by offering global thermal energy and fluid technology solutions. Focusing on solving customers’ problems through a total solutions approach, the company provides steam thermal solutions, electric thermal solutions, and fluid technology solutions. These services improve efficiency and safety in critical industrial processes across various sectors, including food, healthcare, aviation, and semiconductor manufacturing. Headquartered in Cheltenham, UK, Spirax Group operates 37 manufacturing plants globally, serving over 110,000 customers, and is listed on the London Stock Exchange under the symbol SPX.
Average Trading Volume: 211,500
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.04B
See more insights into SPX stock on TipRanks’ Stock Analysis page.
