IMI appoints Luke Grant as CFO

Grant will succeed Daniel Shook, whose intention to step down for family reasons was announced in July 2024. Shook, who has been with the company for 10 years, will step down from the board on 25 July next year and will remain available to the group until the end of 2025 "to support an orderly transition".

Grant has been with the company for 11 years and is currently vice president of finance for the industrial automation sector. Prior to this, he was group financial controller and head of investor relations.

He has also held senior finance positions within IMI's former precision engineering division, based in Germany.

He spent the early part of his career working in the audit practice of EY.

Chief executive Roy Twite said: "It has been a privilege to work with Daniel over the last nine years. He has been a valued colleague providing support and counsel, and I wish him all the very best for the future. Luke is an outstanding successor.

"For more than a decade at IMI, he has demonstrated his financial expertise, global mindset and commitment to our culture. He has a deep knowledge of IMI and the drivers of its performance, which will ensure continuity as we continue to grow and improve the business."