Leadership Transition at Weir Group#
The Weir Group PLC has announced that Andrew Neilson will become the new Chief Executive Officer (CEO) effective August 1, 2026. This change comes as Jon Stanton, who has held the CEO position for a decade, prepares to step down.
Andrew Neilson's Background#
Neilson joined Weir in 2010 and has been serving as the President of the company’s Minerals Division. He will be officially elected to the Board of Directors today during the Annual General Meeting and will take on the role of CEO Designate until he fully assumes the CEO responsibilities next year. His experience includes leading the Minerals business across Europe and North Africa and overseeing strategy and mergers and acquisitions.
Jon Stanton's Tenure#
Jon Stanton has been with Weir for 16 years, starting as Chief Financial Officer (CFO) in 2010 before becoming CEO in 2016. Under his leadership, the company transformed into a mining technology business, which involved exiting certain sectors and acquiring brands like ESCO and Micromine. Stanton will remain with Weir until April 30, 2027, serving as an advisor during the transition.
Compensation Details#
As part of his new role, Neilson will receive a base salary of £825,000 per year. He will also be eligible for an annual bonus and a restricted share plan, in accordance with the company’s existing pay structure.
About Weir Group#
Founded in 1871, the Weir Group employs around 12,000 people and operates in over 50 countries. The company's shares are traded on the London Stock Exchange, and it also has American Depositary Receipts available in the United States.