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Invensys PLC  -  ISYS   

Appointment of Head of Corporate Development

Released 07:00 04-Jul-2013

RNS Number : 5591I
Invensys PLC
04 July 2013




4 July 2013

Jeremy Morcom appointed Head of Corporate Development at Invensys

Invensys plc, the technology group, announces the appointment of Jeremy Morcom as Group Head of Corporate Development. 


Since 2006, Jeremy has been Head of Corporate Development and a member of the global Executive Committee at Spectris plc, the leading supplier of productivity-enhancing instrumentation and controls for industrial markets.  In this role he has led a successful programme to expand existing businesses and acquire in new areas with approximately $900 million invested in over 20 completed acquisitions in the last five years.


Prior to joining Spectris, Jeremy was Head of Acquisitions & Divestitures at Invensys plc where, amongst other things, he implemented a multi-$billion disposal and restructuring programme.   Before joining industry, Jeremy worked in investment banking for twelve years focusing on M&A advice for clients in the engineering and industrial sectors.  Prior to investment banking, he worked in management consultancy.


Jeremy will be taking up his new role on 9 September 2013.


Wayne Edmunds, Chief Executive of Invensys plc, commented:


"I am delighted to welcome Jeremy back to Invensys.  He has led the highly successful acquisition programme at Spectris for seven years, during which time the company achieved significant growth in scale and profitability.


"Following the sale of Invensys Rail, we have significant funds to reinvest into our business segments mainly through acquisitions and his appointment demonstrates our commitment to deploy these funds in a rigorous and disciplined manner."




Invensys plc

Steve Devany

tel: +44 (0) 20 3155 1301

Annabel Michie

tel: +44 (0) 20 3155 1303

FTI Consulting       

Andrew Lorenz

Richard Mountain

tel: +44 (0) 20 7269 7291



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Appointment of Head of Corporate Development - RNS