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.

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.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

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