Rotork is led by an effective Board which currently consists of nine members: the Chairman, the Chief Executive, the Finance Director and six independent non-executive directors. The non-executive directors are appointed for an initial term of three years. Upon the completion of this term, the appointment is reviewed and, if appropriate, extended.
Rotork Board members come from a variety of professional backgrounds including engineering, information technology, legal, finance and international sales and collectively possess significant managerial experience, as well as experience of being company directors of other public limited companies. The appointment of Ann Christin Andersen and Tim Cobbold as non-executive directors in December 2018 has further strengthened the mix of skills on the Board.
Following a rigorous review, the Board considers all non-executive directors to be independent in character and judgement from Rotork. Gary Bullard is the longest serving non-executive director and, as he will have been in office for nine years in June 2019, he will not seek re-election at the Annual General Meeting to be held on 26 April 2019.
Board composition and meeting attendance in 2019
Rotork is led by an effective Board which currently consists of eight members: the Chairman, the Chief Executive, the Group Finance Director, and five independent non-executive directors. The Board held six scheduled meetings and five calls during the year. Individual attendance is set out below.
The Chairman meets privately with the senior independent director and with the non-executive directors from time to time.
* Tim Cobbold was unable to attend the meeting in October 2019 due to a personal commitment made before he joined the Group, but received an update from the Company Secretary after the meeting.
** Ann Christin Andersen was unable to attend the meeting in January 2019 due to a prior business commitment but received an update from the then interim Company Secretary after the meeting.
*** Gary Bullard resigned in April 2019 having attended all meetings up until that date.