Invensys announces appointment of Chan Galbato as President, Controls.

Invensys announces appointment of Chan Galbato as President, Controls.

Invensys plc announces that Chan Galbato will be joining the Group on 3 October 2005 as President of its Controls business group.

Chan joins Invensys from Home Depot, the UShome improvement retailer, where he was President, Services. He was previously President and Chief Executive Officer of Armstrong Floor Products, Chief Executive Officer of Choice Parts, and prior to that he held various senior management roles at General Electric, latterly as Chief Executive Officer of the Coregis Division of GE Capital.

He takes over from John Duerden who will remain with the Group to assist with a smooth handover and carry out certain projects until the scheduled expiry of his contract on 31 March 2006.

Chan holds a BA in economics from State University of New York and an MBA from the University of Chicago Graduate School of Business.

Controls is a leading global provider of components, systems and services used in appliances, heating, air conditioning/cooling, refrigeration and safety products as well as building systems across a wide range of industries in residential and commercial markets. Controls, which had revenue of £921 million in the year ended 31 March 2005, has more than 16,000 employees and over 40 manufacturing locations worldwide.

Ulf Henriksson, Chief Executive Officer of Invensys plc, commented:

“I am delighted that Chan has agreed to join Invensys in this important role of running our largest business group. Controls is undertaking a significant change programme and his considerable experience in change management will be essential to ensuring that we achieve the necessary turnaround in performance.”

Contact:

Invensys plc

Steve Devany tel: +44 (0) 20 7821 3758
Nina Delangle tel: +44 (0) 20 7821 2121

Maitland

Fiona Piper / Angus Maitland tel: +44 (0) 20 7379 5151