IMI plc (IMI): The Men Who Run It

Company man
Roy Twite is a company man. He joined IMI plc (LON:IMI)’s engineering graduate recruitment scheme in 1988, and worked his way up the company, running various divisional operations from 2001 onwards. He now has direct responsibility for two of IMI’s more significant divisions. A second executive director, Ian Whiting, left last year, and has not been replaced.

IMI plc (LON:IMI)’s non-executives have a broad range of backgrounds, not dominated by engineers. Phil Bentley, the Managing Director of British Gas. who is controversially getting a 10 million pounds pay-off on his departure from Centrica PLC (LON:CNA) this year, was appointed in 2012.

I analyse management teams from five different angles to help work out a verdict. Here’s my assessment:

Overall, IMI plc (LON:IMI) scores 19 out of 25, a very good result. Shareholders have done well from a long-serving CEO, who fashioned IMI into what it is today.

I’ve collated all my FTSE 100 boardroom verdicts on this summary page.

Buffett’s favourite FTSE share
Legendary investor Warren Buffett has always looked for impressive management teams when picking stocks. His latest acquisition, Heinz, has long had a reputation for strong management. Indeed, Mr. Buffett praised its “excellent management” alongside its high-quality products and continuous innovation.

The article The Men Who Run IMI originally appeared on Fool.com and is written by Tony Reading.

Fool contributor Tony Reading has no position in any stocks mentioned. The Motley Fool recommends GlaxoSmithKline.

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