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.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

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."

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.