Tim Cobbold, a non-executive director of Rotork, the Bath-based specialist manufacturing group, is to step down in December.
Mr Cobbold was appointed to the board of the group, a world-leader in the design and manufacture of specialist valves for the oil and gas industry, in 2018.
He has since served as designated non-executive for workforce engagement, chair of the remuneration committee and, most recently, as senior independent director.
Having qualified as a chartered accountant at Price Waterhouse (now PwC), he went on to hold senior management positions at engineers Smiths Group/TI Group, where he worked for 18 years, and has also been a non-executive director at energy group Drax.
He has extensive experience in leading large, complex international listed businesses, having been the chief executive officer of specialist power supplier Chloride Group, specialist printers De La Rue and event organisers UBM.
Rotork chair Dorothy Thompson CBE said he had made a significant contribution to the board during his six-year term, during which he brought “invaluable support and sage insights”.
He will step down with effect from 31 December.
Earlier this month Rotork, which employs about 3,200 people across the world, said in a trading update to the London Stock Exchange that a strong pipeline of new orders had given it a positive outlook for the rest of this year.
The group spent much of last year recovering from worldwide supply chain bottlenecks, including a major shortage of microchips and semi-finished components such as circuit boards caused by pandemic-related lockdowns.
