Mary Waldner to become new CFO at Ultra Electronics

Defence, security and energy company Ultra Electronics has named Mary Waldner as the successor to its outgoing Chief Financial Officer Paul Dean.

Defence, security and energy company Ultra Electronics has named Mary Waldner as the successor to its outgoing Chief Financial Officer Paul Dean.

The company announced last year that Dean had been approached to take a Finance Director role outside the defence and aerspace sector and he is expected to leave the company on March 31st.

Waldner is currently Director of Group Finance at QinetiQ Group. She was previously Group Financial Controller at 3i Group, following ten years at British Airways where she held a number of senior roles including Financial Controller (Commercial) and Manager, Corporate Planning and Reporting.

The date that Waldner will join Ultra had not yet been finalised, the business update stated, and in the interim period, the function of Group Finance Director is to be undertaken by Mark Nelson. Nelson was the Group Financial Controller until 2012. Since then he has been the Finance Director for Ultra's Sonar and Undersea Systems Division.

Rakesh Sharma, Chief Executive of Ultra, commented: "I am very pleased that Ultra has been able to appoint Mary Waldner to succeed Paul Dean. Mary has a broad range of experience in a number of sectors and an excellent track record of achievement. We look forward to welcoming Mary into the group. The board would like to take the opportunity to thank Paul for his contribution as an outstanding Group Finance Director over the past four years."

MF

Recommended

How to profit from India’s high-tech recovery
Share tips

How to profit from India’s high-tech recovery

Professional investor David Cornell of the India Capital Growth Fund, selects three of his favourite Indian stocks to buy now.
27 Sep 2021
Share tips of the week – 24 September
Share tips

Share tips of the week – 24 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
24 Sep 2021
Three strong Asian stocks trading at bargain prices
Share tips

Three strong Asian stocks trading at bargain prices

Professional investor Nitin Bajaj of the Fidelity Asian Values investment trust picks three stocks that dominate their industries, earn good returns o…
20 Sep 2021
Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021

Most Popular

A nightmare 1970s scenario for investors is edging closer
Investment strategy

A nightmare 1970s scenario for investors is edging closer

Inflation need not be a worry unless it is driven by labour market shortages. Unfortunately, writes macroeconomist Philip Pilkington, that’s exactly w…
17 Sep 2021
Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
What really causes inflation? Here’s what prices since 1970 tell us
Inflation

What really causes inflation? Here’s what prices since 1970 tell us

As UK inflation hits 3.2%, Dominic Frisby compares the cost of living 50 years ago with that of today, and explains how debt drives prices higher.
15 Sep 2021