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Ex-Rio Tinto Diamonds CFO joins Wincanton board

THE former finance chief of Rio Tinto’s diamonds business has joined the board of FTSE 250 logistics company Wincanton.

Paul Dean, CFO of Rio Tinto Diamonds during 2013, will join Wincanton’s board from 1 February, and is expected to chair the audit committee in due course, Wincanton said.

Previously group FD of Ultra Electronics Holdings from 2009 to 2013 and Foseco from 2001 to 2008, Dean is currently a non-exec and audit committee chairman of Polypipe Group, Focusrite and Porvair.

Steve Marshall, chairman of Wincanton, said: “He brings with him a strong financial background and audit chair experience, allied with broader commercial and industrial expertise.”

In an interview with Financial Director, Wincanton CFO Adrian Colman said the business has been focused on managing balance sheet risks, with the closure of the defined benefit section of the group’s pension scheme to future accrual at the end of 2013.

Read the full interview here.

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