Butcher has served as President of Luxfer Gas Cylinders, the company’s largest business segment, since 2014. Prior to his Presidency role, he held various positions of increasing responsibility throughout his career with the company, starting in 1991.
Alok Maskara, who has served as CEO of Executive Director of Luxfer Holdings since May 2017, has elected to leave the company in pursuit of another opportunity.
Patrick Mullen, Chair of the Luxfer Board, said, “We are grateful for Alok’s five years of dedication to Luxfer. During his time, he successfully transformed the Company, positioning it for future growth with a focused strategy and a bolstered balance sheet.”
“On behalf of the entire organisation, we thank Alok for his meaningful contributions and wish him all the best in his future endeavours.”
“With unanimous approval from the Board of Directors and consistent with the company’s succession plan, we are delighted to promote Andy to the position of CEO.”
“Andy is a strategic, growth-oriented leader, bringing over 30 years of experience with Luxfer. We are confident that under Andy’s leadership Luxfer will continue building on the transformation plan to deliver growth and shareholder value.”
On his new role, Butcher added, “I am excited to accept the position of CEO and look forward to leading our dedicated worldwide team to deliver long-term growth and profitability for Luxfer.”
“Luxfer has proven its resilience through pandemic-related challenges and ended 2021 with a strong balance sheet and significant opportunities in front of us. I am confident in our ability to deliver value to our customers, employees, and shareholders as we execute our strategic growth initiatives.”