Invensys announces appointment of Chief Operating Officer

Invensys announces appointment of Chief Operating Officer

Invensys plc today announces that Ulf Henriksson will become the Group’s Chief Operating Officer on 21 May 2004 and will join the Board at its first meeting thereafter.

Currently, Mr. Henriksson leads Eaton Corporation’s Hydraulic Division, the company’s largest global business. Formerly, he was at Honeywell International / Allied Signal Inc. for nine years, where he held senior positions in several divisions, before becoming President of their $2.3bn Automated Controls Systems and Services business in 2002. Prior to that, he was at Volvo Aero Corporation in Sweden for several years.

Commenting on the appointment, Chief Executive Rick Haythornthwaite said:

"Now that we have created financial stability for the Group, the next stage in our progress demands relentless implementation of more efficient structures and processes to support our development plans. Ulf Henriksson’s operational strength in complex international recoveries will provide vital support to me in delivering these key objectives."

Ulf Henriksson commented,

"Joining Invensys now provides a unique opportunity. The company has a portfolio of market- leading businesses and the management has a clear path to drive the recovery plans. My focus will be on leveraging our considerable installed base and ensuring that our technology development matches the best of our competitors. I look forward to contributing to the recovery process ."

For more information please contact:

Victoria Scarth / Mike Davies - Invensys
tel: +44 (0) 20 7821 3755
fax: +44 (0) 20 7821 3709

Nick Claydon / Mike Smith - Brunswick
tel: +44 (0) 20 7404 5959
fax: +44 (0) 20 7831 2823

About Invensys
Invensys is a global automation, controls and process solutions Group. Our products, services, expertise and ongoing support enable intelligent systems to monitor and control processes in many different environments. The businesses within Invensys help customers in a variety of industries - including hydrocarbons, chemicals, oil and gas, power and utilities, rail, telecommunications, paper, food and beverage, dairy, pharmaceuticals and personal care - to perform with greater efficiency, safety and cost-effectiveness.

Process Systems provides products, services and solutions for the automation and optimisation of plant operation in the process industries. APV specialises in process equipment engineered into systems and asset services for food, beverage, personal care, pharmaceutical and chemical clients. Eurotherm is a leading supplier of control and measurement instrumentation solutions and services to industrial and process customers. Rail Systems is a multinational leader in the design, manufacture, supply, installation, commissioning and maintenance of safety-related rail signalling and control systems. Climate Controls is a major provider of the components, systems and services used across the world to make commercial and residential environments safer, more comfortable and more efficient. Appliance Controls has the broadest system and component offering for the appliance industry worldwide.

Invensys PLC is listed on the London Stock Exchange. With 39,000 employees operating in 60 countries, Invensys helps customers to improve their performance and profitability, building value for end users and shareholders alike.