Meggitt appoints CFO as new CEO as Twigger plans departure

Aerospace components engineer Meggitt announced on Wednesday that its Chief Executive, Terry Twigger, has said he intends to retire from the role and the board is set to replace him with Stephen Young, who has been Finance Director of Meggitt since 2004.

Aerospace components engineer Meggitt announced on Wednesday that its Chief Executive, Terry Twigger, has said he intends to retire from the role and the board is set to replace him with Stephen Young, who has been Finance Director of Meggitt since 2004.

The changes will take place immediately following the group's annual general meeting on May 1st.

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