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

Persimmon yields 12.3%, but can you trust the company to deliver?
Share tips

Persimmon yields 12.3%, but can you trust the company to deliver?

With a dividend yield of 12.3%, Persimmon looks like a highly attractive prospect for income investors. But that sort of yield can also indicate compa…
1 Jul 2022
Don’t try to time the bottom – start buying good companies now
Investment strategy

Don’t try to time the bottom – start buying good companies now

Markets are having a rough time, so you may be tempted to wait to try to call the bottom and pick up some bargains. But that would be a mistake, says …
1 Jul 2022
Share tips of the week – 1 July
Share tips

Share tips of the week – 1 July

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
1 Jul 2022
Bunzl: boring is good for business
Share tips

Bunzl: boring is good for business

Food-service distribution company Bunzl is not a terribly exciting business, but it looks cheap and could be a great investment, says Rupert Hargreave…
30 Jun 2022

Most Popular

UK house prices are definitely cooling off – but are they heading for a fall?
House prices

UK house prices are definitely cooling off – but are they heading for a fall?

UK house prices hit a fresh high in June, but as interest rates start to rise, the market is cooling John Stepek assesses just how much of an effect h…
30 Jun 2022
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves looks at the FTSE 100’s top yielding stocks for income investors to consider.
22 Jun 2022
Five dividend stocks to beat inflation
Share tips

Five dividend stocks to beat inflation

During periods of high inflation, dividend stocks tend to do better than the wider market. Here, Rupert Hargreaves pick five dividend stocks for incom…
30 Jun 2022