The Weir Group announced that, following 10 years as CEO and 16 years with Weir, Jon Stanton will step down as CEO on 1 August and be succeeded by Andrew Neilson.
Neilson, who was also elected to the board of directors, will become CEO designate before assuming full responsibilities as CEO on 1 August.
Andrew joined Weir in 2010 and is currently president of the Minerals division. Prior to that, he served as president of the ESCO division and previously led the highly successful integration of ESCO into Weir.
Earlier in his career at Weir, Andrew led the Minerals business across Europe and North Africa and held senior corporate roles, overseeing strategy and mergers and acquisitions.
Andrew will succeed Jon Stanton, who joined Weir as CFO in 2010 and was appointed CEO in 2016. During his 10 years as CEO, the company said that Stanton drove the repositioning of Weir into a focused mining hardware and software technology leader. He also led the exit of cyclical businesses and the acquisition of leading mining industry brands such as ESCO and Micromine.
“Weir is now a stronger company and is well-positioned to become a quality compounder with significant long-term growth potential and best-in-class operating margins, delivering consistent cash generation and returns,” officials said.
Source: Weir