Rotork names CEO

Rotork, an actuator manufacturer and flow control company, has named Kevin Hostetler as chief executive.

Hostetler will join the board on 12 February 2018 and assume the role of chief executive from 12 March 2018.

Martin Lamb, currently executive chairman, will then revert to his role as non-executive chairman.

Hostetler has worked at Ingersoll Rand and IDEX Corp, and led a three-year turnaround at FDH Velocitel, a private equity backed telecoms business in the US.

At 8:01am: (LON:ROR) Rotork PLC share price was +1.75p at 269.65p