Luxfer (LXFR) announced that Pete Dyke has been appointed as CHRO. He will assume the position immediately and will operate from the Graham, North Carolina office. Most recently he served as VP human resources for Pentair Water, a business segment of Pentair (PNR).
Luxfer Holdings (LXFR) announced that Heather Harding has been appointed CFO. She will assume the position on January 1, 2018, and operate from an office in the U.S. Most recently, she served as vice president, finance, for Eaton Lighting, a business unit of Eaton (ETN).
Luxfer Holdings announced that it has entered into an agreement to acquire the Specialty Metals business of ESM Group Inc., including a manufacturing facility in Saxonburg, Pennsylvania USA. ESM Group is a wholly owned subsidiary of SKW Stahl-Metallurgie Holding AG, a publicly traded German company listed on the Frankfurt Stock Exchange. ESM Group and its affiliate Affival Inc. provide desulfurization reagents, cored-wire products and engineering services to steel industries around the world. Luxfer and SKW anticipate closing within a few weeks, subject to any necessary approvals and consents to be secured by the parties.
Luxfer Holdings announced that Andy Beaden, the company's Finance Director, is leaving the company for personal reasons as of October 1, 2017. Beaden began his career 20 years ago with British Aluminium, now Luxfer Group. He held a number of increasingly important roles during this time and was appointed Finance Director in 2011. The company has initiated a search process to appoint a new chief financial officer and expects to provide an update on the transition within the coming months.
Luxfer Holdings (LXFR) announced at its Annual General Meeting on May 23 that Alok Maskara has been appointed to the board of directors. Maskara will become chief executive officer of the Group mid-year, succeeding Brian Purves, who is retiring after 15 years as CEO. Until recently, Maskara was president of the Technical Solutions global business segment of Pentair (PNR).