Spirax Group's CEO is Nimesh Patel, appointed in Jan 2024, has a tenure of 2.5 years. total yearly compensation is £1.67M, comprised of 45.7% salary and 54.3% bonuses, including company stock and options. directly owns 0.038% of the company’s shares, worth $2.51M. The average tenure of the management team and the board of directors is 4 years and 4.1 years respectively.
Key information
Nimesh Patel
Chief executive officer
UK£1.7m
Total compensation
CEO salary percentage
45.69%
CEO tenure
2.5yrs
CEO ownership
0.04%
Management average tenure
4yrs
Board average tenure
4.1yrs
Recent management updates
Recent updates
CEO Compensation Analysis
How has Nimesh Patel's remuneration changed compared to Spirax Group's earnings?
Date
Total Compensation
Salary
Company Earnings
Dec 31 2025
UK£2m
UK£763k
UK£163m
Sep 30 2025
n/a
n/a
UK£163m
Jun 30 2025
n/a
n/a
UK£163m
Mar 31 2025
n/a
n/a
UK£177m
Dec 31 2024
UK£1m
UK£711k
UK£191m
Sep 30 2024
n/a
n/a
UK£192m
Jun 30 2024
n/a
n/a
UK£192m
Mar 31 2024
n/a
n/a
UK£188m
Dec 31 2023
UK£795k
UK£529k
UK£184m
Sep 30 2023
n/a
n/a
UK£197m
Jun 30 2023
n/a
n/a
UK£211m
Mar 31 2023
n/a
n/a
UK£218m
Dec 31 2022
UK£2m
UK£503k
UK£225m
Sep 30 2022
n/a
n/a
UK£224m
Jun 30 2022
n/a
n/a
UK£223m
Mar 31 2022
n/a
n/a
UK£229m
Dec 31 2021
UK£3m
UK£490k
UK£235m
Sep 30 2021
n/a
n/a
UK£220m
Jun 30 2021
n/a
n/a
UK£206m
Mar 31 2021
n/a
n/a
UK£190m
Dec 31 2020
UK£2m
UK£209k
UK£174m
Compensation vs Market: Nimesh's total compensation ($USD2.24M) is below average for companies of similar size in the US market ($USD8.33M).
Compensation vs Earnings: Nimesh's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Nimesh Patel (49 yo)
2.5yrs
Tenure
UK£1,670,000
Compensation
Mr. Nimesh Balvir Patel, B.sc., served as Chief Financial Officer of Spirax Group plc (formerly known as Spirax-Sarco Engineering plc) since September 11, 2020 until January 16, 2024 and serves as its Exec...
Leadership Team
Name
Position
Tenure
Compensation
Ownership
Nimesh Patel
Group CEO & Executive Director
2.5yrs
UK£1.67m
0.038% $ 2.5m
Louisa Burdett
CFO & Executive Director
2yrs
UK£1.33m
0.0024% $ 162.3k
Celine Arlette Barroche
Group General Counsel & Company Secretary
1.8yrs
no data
no data
Jim Devine
Group Human Resources Director
10.4yrs
no data
no data
Andrew Mines
Managing Director of Electric Thermal Solutions
6.5yrs
no data
no data
Maurizio Preziosa
Managing Director of Steam Thermal Solutions
5.5yrs
no data
no data
Jennifer Forrester
Head of Employee Experience
no data
no data
no data
Darren Towers
Head of Inclusion
5.6yrs
no data
no data
Stuart Roby
Managing Director of Watson-Marlow Fluid Technology Solutions
1.5yrs
no data
no data
Carmen van Rensburg
Head of Internal Audit
no data
no data
no data
Charles Song
President & GM of Spirax Sarco Engineering(China) Ltd
no data
no data
no data
John Senior
Group Financial Controller
no data
no data
no data
4.0yrs
Average Tenure
53yo
Average Age
Experienced Management: SPXS.F's management team is considered experienced (4 years average tenure).
Board Members
Name
Position
Tenure
Compensation
Ownership
Nimesh Patel
Group CEO & Executive Director
5.8yrs
UK£1.67m
0.038% $ 2.5m
Louisa Burdett
CFO & Executive Director
2yrs
UK£1.33m
0.0024% $ 162.3k
Richard Gillingwater
Senior Independent Director
5.3yrs
UK£92.00k
0.00081% $ 53.7k
Peter France
Independent Non-Executive Director
8.3yrs
UK£72.00k
0.0013% $ 88.1k
Timothy Cobbold
Non-Executive Chair
1.8yrs
UK£400.00k
no data
Constance Baroudel
Independent Non-Executive Director
2.9yrs
UK£72.00k
0.00041% $ 27.2k
Maria Antoniou
Independent Non-Executive Director
1.1yrs
UK£53.00k
0.00069% $ 45.7k
Caroline Johnstone
Independent Non-Executive Director
7.3yrs
UK£92.00k
0.0015% $ 98.1k
Angela Archon
Independent Non-Executive Director
5.6yrs
UK£122.00k
0.00068% $ 45.1k
Andrew Kemp
Independent Non-Executive Board Director
less than a year
UK£12.00k
no data
4.1yrs
Average Tenure
62.5yo
Average Age
Experienced Board: SPXS.F's board of directors are considered experienced (4.1 years average tenure).
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/07/07 09:04
End of Day Share Price
2026/06/30 00:00
Earnings
2025/12/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Spirax Group plc is covered by 31 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.