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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
-
‘I installed a heat pump in my home – here are five things I’ve learnt’From the size and noise of a heat pump to how much it costs to run one, Ruth Emery reveals what she’s learnt after installing one in her home six months ago
-
3 ways to work out if a stock is good valueThe only thing you can really control in investing is the price you pay for an asset – but how can you tell if you’re getting a good deal when it comes to the price of a stock?
