Military counter-measures specialist Chemring has appointed Nigel Young as its interim Chief Financial Officer with immediate effect, replacing Paul Rayner, who will step down on July 31st.
59-year-old Young has considerable experience within both the defence and manufacturing industries. He was finance director of United Scientific Holdings, First Technology and Babcock International.
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Rayner, who has been Chemring's chief bean-counter since 1999. announced his decision to step down from the role back in March.
The process of selecting a permanent candidate for the role of Chief Financial Officer is ongoing, and the group will make a further announcement in due course, Chemring said.
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