KPMG-QUALIFIED Steve Bowers has taken on the role of group finance director at defence industry manufacturers Chemring.
Bowers was most recently FD at Umeco, which provides materials to the aerospace and defence industries. He had been with the business for 13 years until its acquisition by Cytec in the summer.
Chemring, which supplies technology and electronics to the defence industry, made an underlying profit before tax of £125.6m and had revenues of £745.3m in 2011.
Peter Hickson, chairman of Chemring, said Bowers played a "central financial role" at Umeco during a period of considerable change.
"His excellent knowledge of the international aerospace and defence industries will be of great benefit to the group," Hickson said.
"Following Mark Papworth's recent arrival as CEO, Steve's appointment is another important step in strengthening our executive management team, as we commit to rebuilding operational and financial performance and delivering improved returns for shareholders."
Bowers succeeds Nigel Young who was promoted to interim chief financial officer in July 2012.
Sign up for Financial Director email alerts
Please enter your email below to receive your profile link
Search by job title, salary, or location - we only list senior financial roles
Financial Director has launched a new flagship one-day conference for senior finance professionals
In this live web seminar, our panel of experts will run through alternative finance options, and how financial decision-makers can choose the best solution for their company
One of the UK's most well-respected bosses talks about retail, governance, reputation, tax, his career - and that of CFOs – in a wide-ranging interview...
Send to a friend