Defence technology group Cobham has appointed a new Chief Financial Officer (CFO) in the form of Simon Nicholls, the current CFO of fellow FTSE 250 constituent Senior, which today announced Nicholls's departure in five months' time.
Nicholls, who will join Cobham on May 1st, is replacing Warren Tucker, who announced his departure back in April, 12 months ahead of his own leaving date.
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."
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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.
Prior to working for Senior, Nicholls was the CFO of Hanson North America, based in the US with responsibility for $4bn of sales, where he took a leading role in the acquisition of some 35 companies.
Group Chief Executive at Senior, Mark Rollins, said: "I would like to thank Simon for his commitment and dedication to Senior over the past five years. Simon has made a significant contribution to the company's successful performance and I, along with the rest of his colleagues, wish him every success in his new role."
The group said it has now begun searching for a replacement.
Nicholls himself commented: "I have enjoyed my time at Senior immensely and am proud to have played a part in its recent success. I leave the group, to take the next step in my career, at a time when it is performing strongly and I wish Mark, and everyone else at Senior, all the best for the future."
Senior's share price dropped 0.26% to 191.40p, while Cobham's share price was unchanged at 204.30p by 08:55.
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