Wayne Edmunds appointed Chief Financial Officer of Invensys plc

Wayne Edmunds appointed Chief Financial Officer of Invensys plc

Invensys plc announces that Wayne Edmunds will be appointed a director and Chief Financial Officer (CFO) of Invensys plc with effect from 1 June 2009.  He succeeds Steve Hare who, as previously announced, will be leaving Invensys and resigning from the Board on 31 May 2009 having signed off the year end results and annual report.
 
Wayne is currently CFO of Invensys Process Systems.  He joined the Group from Reuters America, Inc where he had been SVP of Finance and had previously held senior financial roles in the technology sector including seventeen years with Lucent Technologies, Inc.  Wayne will be relocating to the UK and will work out of the Group’s headquarters in London.  He will be working with Steve Hare during the next two months to ensure a smooth handover of responsibilities.

Ulf Henriksson, Chief Executive of Invensys plc, commented:

"I am delighted that Wayne has accepted the position of CFO of Invensys.  He has shown exceptional financial and commercial skills during his time with IPS and I look forward to working with him as we continue to build upon the progress that Invensys has made."  

Martin Jay, Chairman of Invensys plc and Chairman of the Nomination Committee, commented:

"The Committee carried out an extensive search including internal and external candidates and Wayne clearly demonstrated that he had the breadth of commercial experience and the financial expertise to assist the Group in the next stage of its development."