Vesuvius appoints Patrick Andre as new CEO

Vesuvius said on Tuesday that Patrick Andre, the president of its flow control business, will succeed Francois Wanecq as chief executive with effect from 1 September.

The company said that Andre, who joined in February 2016, has been "instrumental" in refocusing the flow control business unit, in particular, overseeing the restructuring of its European business in 2016.

Before joining the group, he had a long career serving the steel industry most recently with Lhoist company, the world leader in lime production, where he held the positions of executive vice president of strategic growth, CEO Europe and CEO for Asia, CIS and Africa. Prior to this he was CEO of the nickel division at global manufacturer of nickel and special alloys, Eramet, and CEO of the manganese division.

Andre will continue to be responsible for the flow control business unit until a suitable replacement president is found. He will also serve on the company's Finance Committee with effect from his appointment. Meanwhile, Wanecq will stand down as a director and member of the Finance Committee at the end of August but will remain with the company until the end of December to help with the transition of responsibilities.

Chairman John McDonough said: "Having undertaken a comprehensive review of external and internal candidates, we are delighted to appoint Patrick Andre as the group's next chief executive. Since he joined us last year, he has displayed significant drive and energy in strengthening the flow control business. It is this commitment, together with his industry experience, strategic vision, constant customer focus and proven record of delivery that will enable him to lead the group in the next stages of its development."