Nimesh Patel is announced as group chief executive at global firm, Spirax-Sarco Engineering, which is headquartered in Cheltenham.
Patel will officially take to the position on Tuesday 16 January 2024, replacing Nicholas Anderson as he retires after 10 successful years in the role.
Anderson commented: 'The 12 years I've spent with this group have been the most enjoyable and fulling of my 41-year working career. I am extremely proud of what we have achieved over these years and I am delighted that the Board has chosen Nimesh to lead the Group on the next leg of this journey, which I'm sure will be even more successful.'
Spirax-Sarco Engineering is a leader in steam systems and electric thermal solutions in both commercial and industrial industries.
Patel will oversee the daily undertakings of the group that acts as an umbrella firm for three world-leading businesses and multiple brands, including Spirax Sarco, Gestra and Watson-Marlow.
Spirax-Sarco Engineering board chair, Jamie Pike, said: 'Nimesh's appointment as group chief executive marks the completion of the Board's long-term planning for Nick's succession. During his three-year tenure as chief financial officer and a member of the Board, Nimesh has played a significant role in shaping our strategy, working with colleagues to enhance our unique culture and business model to fulfil our purpose.
'We believe Nimesh will provide both continuity as well as progression in our journey towards creating sustainable value for our all our stakeholders and we look forward to working closely with Nimesh, supporting him on this journey ahead.'
The board is currently beginning the process of appointing a successor into the role of chief financial officer, as Patel's successor.
Patel added: 'It is a huge privilege to be trusted with the leadership of the group and I believe passionately in the role we can play in supporting our customers' sustainability journeys, building on the strong position Nick has established.'
