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At the end of November we completed our annual Employee Satisfaction Survey. Although 188 more people completed the survey, the response rate fell to 73% from last year's 78%. The overall satisfaction score of 3.5 has remained at a similar high level for a number of years despite improvements being seen in a number of areas. We have used the same questionnaire now for several years and feel that it is time to review the list of questions and reinvigorate the process for the 2012 survey.

We are pleased to welcome two new members of the Rotork Management Board, Mark Williams, Global HR Director and Pamela Bingham, Group Business Development Director. We are looking forward to working with both of them in achieving the strategic aims of the Group. We are also pleased to welcome Phil Burness to the company. Phil will be responsible for the Rotork Site Services business and replaces Grant Wood, who was appointed Divisional Managing Director for Rotork Controls in March 2011.

During the year we welcomed 370 people into the Rotork family and we now have 2,500 staff in 31 countries. 209 people joined Rotork as part of the six acquisitions that we completed and 161 were recruited due to growth in our existing locations. It is a privilege for us to have visited so many offices during the year and to have met such a dedicated team of people. We were very proud to open our new factory in India and see the reaction from staff as they received a guided tour of the new building. It is down to the hard work and dedication of our staff that we are able to report record results and we would like to thank everyone for what they do every day to make this such a great company.

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