Steve Bowers appointed FD of Chemring
Former Umeco FD joins defence industry supplies peer
By CFOWorld.co.uk staff | CFO UK | Published 15:20, 03 January 13
Steve Bowers, previously a finance director at Umeco, has been appointed as group FD at Chemring.
The role is deemed a natural move for Bowers as both his former and current employers are suppliers to the defence industry. Bowers had been at Umeco for 13 years until its acquisition by Cytec in the summer of 2012.
Bowers replaces interim CFO Nigel Young at Chemring.
Commenting on the appointment, Peter Hickson, chairman of Chemring, praised Bowers’ tenure at Umeco and said that he played a "central financial role" at his former employer over a period of considerable change.
"Steve Bowers’ excellent knowledge of the international aerospace and defence industries will be of great benefit to the group. His appointment is another important step in strengthening our executive management team, as we commit to rebuilding operational and financial performance and delivering improved returns for shareholders," Hickson added.
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