Cobham PLC (COB) - Cobham plc Appoints New Chief Financial Officer RNS Number : 9656R Cobham plc 26 November 2012 26 November 2012 Cobham plc announces the appointment of a new Chief Financial Officer with effect from 1st May 2013 On 26 April 2012, Cobham plc ('Cobham' or the 'Group') announced that Chief Financial Officer ('CFO') Warren Tucker would be standing down from the Board at the Annual General Meeting in April 2013, after completing ten years of service. Today Cobham is pleased to announce the appointment of Simon Nicholls as Chief Financial Officer of Cobham with effect from 1st May 2013. Simon is currently CFO of Senior plc, the FTSE 250 international manufacturing group providing engineered products for aerospace, defence and commercial industrial applications. During his time at Senior he has played an important role in the successful strategic evolution and growth of the Business including the acquisition of four companies. He has also helped drive improved cash conversion through increased balance sheet efficiency and the management of working capital, and completed refinancings via US private placements and bank syndicated revolving credit facilities. Before taking his current role five years ago, Simon was CFO of Hanson North America, based in the USA with responsibility for US$4bn of sales, where he took a leading role in the acquisition of some 35 companies. Prior to that he was Financial Controller for Hanson plc for three years supporting the geographically diverse portfolio of the company and the transformational £1.7bn acquisition and integration of Pioneer International Ltd. Previously, Simon spent nine years with Price Waterhouse in the UK and Canada, and four years working in senior financial positions. John Devaney, Cobham Chairman said: "We are really pleased that Simon is joining us as Cobham's next CFO, as he has a successful track record of financial leadership in global aerospace and broader commercial markets. His experience will enable him to play a key leadership role in delivering the Group's strategy." Simon is a Chartered Accountant, holding a Bachelor of Science degree in Mathematics, Operational Research, Statistics and Economics from Warwick University. He will primarily work out of Wimborne, Dorset and will begin his familiarisation with Cobham post the announcement of Senior plc's preliminary results at the end of February 2013. Simon previously served as a non-executive director of AIM listed Hamworthy plc from September 2011 until its takeover in February 2012. Cobham confirms that there are no further disclosures to be made under rule 9.6.13 of the Listing Rules in respect of Simon. - ends - ENQUIRIES Cobham plc John Devaney, Chairman+44 (0)1202 882020 Julian Wais, Director of Investor Relations +44 (0)1202 857998 Brunswick Michael Harrison/Will Carnwath+44 (0)20 7404 5959 NOTES Cobham specialises in meeting the growing demand for data, connectivity and bandwidth in defence, security and commercial environments. Offering a technically diverse and innovative range of technologies and services, the Group protects lives and livelihoods, responding to customer needs with agility that differentiates it. Employing more than 10,000 people on five continents, the Group has customers and partners in over 100 countries. This information is provided by RNS The company news service from the London Stock Exchange END BOAFMMZMVVZGZZG -0- Nov/26/2012 07:00 GMT
Cobham PLC COB Cobham plc Appoints New Chief Financial Officer
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