Smiths Group PLC - London-based engineering company operating in the energy, industrial, security and aerospace sectors - Appoints the chief executive officer of London-based global product and service solutions provider for industrial customers RS Group PLC, Simon Pryce, to its board as non-executive director from February 1. Smiths Group Chair Steve Williams says: "Simon is a highly experienced business leader of customer focused, global, industrial manufacturing and service businesses, with a strong track record of value creation. He has held several chief executive officer positions at listed companies, with experience that is directly relevant to Smiths Group's key end markets, customers and supply chains. His experience will enhance the Board's discussions as we look to accelerate our growth strategy."
Current Smiths Group stock price: 1,748.00 pence each, down 0.1% on Tuesday afternoon in London
12-month change: up 2.8%
Current RS Group stock price: 682.50p each, down 0.2% on Tuesday afternoon in London
12-month change: down 13%
By Tom Budszus, Alliance News slot editor
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Simon Charles Conrad Pryce currently works at RS Group Plc, as Chief Executive Officer & Executive Director from 2023, Ultra Electronics Ltd., as Director from 2018, EW Simulation Technology Ltd., as Director from 2018, DF Group Ltd., as Director, Giga Communications Ltd., as Director from 2018, Ultra Electronics Swiss Holdings Co. Ltd., as Director from 2018, Smiths Group Plc, as Independent Non-Executive Director from 2025, The Chartered Institute For Securities & Investment, as Member, and The Institute of Chartered Accountants in England & Wales, as Member. Mr. Pryce also formerly worked at GKN Ltd., as CEO-Diversified Business from 2006 to 2007, Signature Aviation Ltd., as Group Chief Executive Officer & Director from 2012 to 2017, Ultra Electronics Holdings Ltd. (United Kingdom), as Chief Executive Officer & Executive Director from 2018 to 2022, Ultra Electronics Holdings Ltd. (United Kingdom), as Chief Executive Officer & Director from 2018 to 2023, The Society of Motor Manufacturers & Traders Ltd., as Chairman, Alvis Plc, as Associate Director, General Aviation Manufacturers Association, as Director, The University of Reading, as Council Member, and J.P. Morgan & Co. Ltd. Mr. Pryce received his undergraduate degree from The University of Reading.
Smiths Group plc is an industrial group organized around 3 product families:
- industrial equipment (38.3% of net sales; John Crane): mechanical linings, auxiliary sealing systems for pumps and compressors, bearings, power transmission couplings, etc.;
- detection equipment (33%; Smiths Detection): for detecting and identifying explosives, weapons, chemical and biological agents, etc.;
- tubular and thermal systems (28.7%; Flex-Tek).
Net sales (excluding discontinued operations) are distributed geographically as follows: the United Kingdom (3.7%), Europe (14.5%), America (55.4%), Asia/Pacific (14.9%) and other (11.5%).
In 2025, the Smiths Interconnect business was classified as a discontinued operation.
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