Changes at the top!

Invensys plc has announced that Wayne Edmunds, who has been Chief Financial Officer of the Company since 2009, has been appointed Chief Executive with immediate effect. Ulf Henriksson has stepped down as Chief Executive and as a director of the Company. David Thomas, who has held senior financial roles within the Group since 2002, has been appointed Acting Chief Financial Officer and a permanent appointment will be made in due course after consideration of internal and external candidates.

Sir Nigel Rudd, Chairman of Invensys plc, commented: "I am delighted that Wayne has agreed to take on the role of Chief Executive to lead Invensys through the next stage of its development. We have three world class businesses and a management team to match, and I am confident that Invensys is well positioned to continue to deliver value to shareholders.
"I would like to thank Ulf for his hard work and achievements which have delivered a transformation of Invensys. We wish him well for the future."

• See also Gary Mintchell's Feed Forward Blog: Invensys Names New Corporate CEO, for more background!
• Jim Pinto also comments in Invensys CEO fired just before year-end! (31/3/2011)