Business
Babcock appoints new Chief Financial Officer
Babcock appoints new Chief Financial Officer.
About this update from Babcock International Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5004A\n Babcock International Group PLC\n 30 September 2020\n \n \n \n \n 30 September \n 2020\n \n \n Babcock appoints new Chief Financial Officer \n \n \n \n \n \n Babcock International Group PLC (Babcock), the aerospace and defence company, today announces the appointment of David Mellors as Chief Financial Officer ('CFO') to succeed Franco Martinelli, who announced his intention to retire in July. David will join the Company as CFO designate on 1 November 2020, and will become CFO on 30 November 2020, at which point Franco will step down from the Board. \n \n \n David was previously CFO of Cobham plc, one of the UK's largest defence companies, where he played a leading role in the transformation of the group's performance and financial strength. Prior to that, he was CFO of QinetiQ Group plc, the FTSE 250 science and engineering company from 2008 to 2016. David's career includes several roles at Logica PLC, CMG plc and Rio Tinto PLC. David is a member of the Institute of Chartered Accountants in England and Wales and also holds a degree in Physics from Oxford University.\n \n \n David Lockwood, Babcock CEO, said: \n \n \n \"I'm delighted to welcome David to Babcock. David has a successful CFO track record and brings considerable experience in defence, aerospace and commercial markets. Babcock makes a unique contribution to the markets it serves, and David's skills and proven expertise will help drive the Group's future success and growth.\n \n \n \"I'd also like to thank Franco for all the support he has given me since I joined the Company.\"\n \n \n Ruth Cairnie, Babcock Chair, said:\n \n \n \"I look forward to David joining the Board and am convinced Babcock will benefit from his experience. I would like to thank Franco for his many years of service and for the valuable contribution he has made to the company throughout his distinguished career.\"\n \n \n ends\n \n \n \n \n \n \n \n \n For further information please contact:\n \n \n \n \n \n Babcock International Group PLC \n \n \n Simon McGough Kate Hill\n \n \n Director of Investor Relations Group Director of Communications\n \n \n Tel: +44 (0)7850 978 741 Tel: +44 (0)20 7355 5312\n \n \n \n FTI Consulting \n \n \n Nick Hasell, Alex Le May\n \n \n Tel: +44 (0)20 3727 1340\n \n...