- Thermal energy and pumping specialist Spirax-Sarco Engineering said executive director Jay Whalen would retire at the end of the year.

Whalen was also head of the company's Watson-Marlow Fluid Technology division and had served at the company for some 28 years.

A selection process for his replacement was 'progressing well', with both internal and external candidates being considered, Spirax-Sarco said.

The new leader of Watson-Marlow Fluid Technology would not become an executive director, meaning the board would return to nine members.

At 1:08pm: [LON:SPX] SpiraxSarco Engineering PLC share price was +17.5p at 8042.5p

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