Rotork appoints Kevin Hostetler as CEO

FTSE 250 actuator manufacturer Rotork has appointed Kevin Hostetler as chief executive with effect from 12 March.

Martin Lamb, currently executive chairman, will then revert to his role as non-executive chairman.

Lamb said: "Kevin has an impressive track record of delivering profitable growth in a number of highly respected and innovative global engineering businesses, with significant experience in the flow control sector. He adopts leading edge practices and processes honed at Ingersoll Rand and has delivered transformational growth for shareholders at IDEX Corp, a flow control business with highly engineered products and strong customer service requirements serving similar end markets to Rotork.

"Kevin has recently concluded a successful exit after leading a three-year turnaround at FDH Velocitel, a private equity backed telecoms business in the US, and will relocate from Chicago to Bath. We look forward to welcoming Kevin to Rotork."

From 2014 to 2017, Hostetler was CEO of private equity backed US telecoms and engineering consulting business, Velocitel. Prior to that, he was an executive advisor to private equity firms, CEO of a speciality valve manufacturer and executive chairman of an engineered high-pressure vessel company.