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
1830, 12 Mar 2013
Now in their second year, these prestigious awards recognise those in finance that have demonstrated success and innovation over the last 12 months. Entries are now open!
3pm, 28 Nov 2013
Join Financial Director for this informative web-seminar on how to use communication technology as a way to improve productivity, profits and reduce costs
Send to a friend