3 August 2021 | 07:30am StockMarketWire.com - Industrial flow equipment specialist Rotork reported an 8.4% rise in first-half profit, as orders improved in the water, power and chemicals sectors, offsetting weaker demand in oil and gas. The company also announced that chief executive Kevin Hostetler would stand down to return home to the US with his young family next year. Kevin is fully committed to leading Rotork through his notice period, and to ensuring an effective handover to his successor, at which time he will step down from the Board and as Chief Executive Officer of Rotork. This process is expected to conclude by 30 June 2022.