- Luke Grant to step into CFO role at IMI starting July 2025.
- Grant will succeed Daniel Shook, who steps down for family reasons after a decade of service.
- Transition period planned until the end of 2025 to ensure smooth handover.
Mon Nov 4 09:56:10 -2024 UTC IMI plc, the specialist engineering company, announced that Luke Grant has been appointed as Chief Financial Officer (CFO) and Executive Director, effective 25 July 2025. Grant, who has been with IMI for 11 years, will take over from Daniel Shook, who announced his intention to step down in 2024. Shook will depart from the Board in July 2025 but will remain available through the end of the year to assist with the transition.
Grant currently serves as IMI’s Vice President of Finance for the Industrial Automation sector and has held several senior finance roles within the company, including Group Financial Controller and Head of Investor Relations. His background includes experience in IMI’s former Precision Engineering division in Germany and early career work in auditing with EY.
Shook, who joined IMI as finance director designate in January 2015 and became CFO in March 2015, also leads IMI’s sustainability initiatives. He will support his successor, Luke Grant, through the transition period until the end of 2025.
Before joining IMI, Shook held senior finance roles, including CFO at international chemicals producer Borealis AG. He also spent 12 years at The BOC Group plc, a former FTSE 100 industrial gases company, in various finance and management positions, notably as finance director of the Industrial & Special Products division and as Group treasurer. Additionally, Shook has experience as a non-executive director and Audit Committee Chair at Ultra Electronics Holdings plc.
Leadership Transition at IMI
IMI’s Chair, Lord Smith of Kelvin, acknowledged Shook’s contributions, noting that he has been pivotal in shaping IMI’s financial resilience and advancing its sustainability strategy. IMI CEO Roy Twite echoed this sentiment, describing Shook as a “valued colleague” who has helped IMI navigate through growth and innovation over the last decade.
Luke Grant, Shook’s successor, has been with IMI for over a decade, most recently as Vice President of Finance for the Industrial Automation sector. His background includes leadership roles within IMI’s finance division, making him well-prepared to step into the CFO position. Shook’s departure is part of a broader leadership transition at IMI as the company strengthens its focus on sustainability and financial growth under Grant’s direction. Further details on the financial terms of the appointment will be included in IMI’s 2024 Directors’ Remuneration Report.
Comments from IMI Leadership
Lord Smith of Kelvin, Chair of IMI, expressed confidence in Grant’s appointment, noting his respected status within the finance team. “Luke’s promotion reflects our commitment to strong internal succession planning,” he said, adding that Shook’s leadership has been instrumental in shaping IMI’s current financial stability.
IMI CEO Roy Twite praised Shook’s contributions over the past nine years, noting that Grant’s experience and deep understanding of IMI’s financial landscape will ensure continuity. “Luke has shown tremendous dedication and expertise over the years, making him an ideal choice for this role,” Twite said.
Grant himself expressed enthusiasm for his new role, stating, “I’m honored to step into this position and excited about the opportunities ahead as we continue IMI’s growth.”
IMI plans to disclose further details about Grant’s compensation in its 2024 Directors’ Remuneration Report.