Business
Appointment of Chairman-designate
Appointment of Chairman-designate.
About this update from Chemring Group Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE 24 JUNE 2024\n \nCHEMRING GROUP PLC (\"Chemring\", the \"Group\" or the \"Company\")\n \nAppointment of Non-Executive Director and Chairman-Designate\n \nChemring is pleased to announce the appointment of Tony Wood as an independent non-executive director and Chairman-designate. He joins the Board with effect from 1 October 2024 and will succeed Carl-Peter Forster as Chairman of the Board on 1 December 2024, following Carl-Peter's retirement on 30 November 2024.\n \nCarl-Peter joined the Board of Chemring on 1 May 2016 and was appointed Chairman on 1 July 2016. Since then he has successfully led the Group through a period of significant transformation as we have built a stronger, higher-quality and more resilient business. The investments made in both culture and infrastructure position the Group well to capitalise on its many opportunities.\n \nTony is a member of the Board of Directors of Airbus SE, the CAC 40 aerospace and defence firm, and National Grid plc, an energy company operating in the UK and the US. From 2018-2022 he was Chief Executive of FTSE 100 Meggitt plc, where he led the operational and cultural transformation of the company. He brings to the Board significant engineering and sector experience having also been a Non-Executive Director and former President of ADS Group Limited, the trade association for the Aerospace, Defence, Security and Space sectors in the UK, from 2020-2023. Prior to joining Meggitt he spent 15 years at Rolls-Royce plc, latterly serving as President of Aerospace from 2013-2016.\n \nTony holds a degree in Engineering from the Open University in the UK and a Master of Business Administration from INSEAD in France. He is a Fellow of the Royal Aeronautical Society and a Fellow of the Association for Project Management. \n \nMichael Ord, Chief Executive of Chemring, commented:\n\"On behalf of the Board I would like to thank Carl-Pet...