19th Nov 2018 11:50
LONDON (Alliance News) - Chemring Group PLC said Monday it has appointed Caledonia Investments PLC Finance Director Stephen King as non-executive director, effective December 1.
King also serves as senior independent director at TT Electronics PLC.
"He brings significant experience within the industrial, engineering and manufacturing sectors, together with a strong corporate track record. I am confident that he will make a valuable contribution to the continued development and performance of the group," Chemring Chairman Carl-Peter Forster said.
Separately, Chemring also said that Daniel Dayan, whose intended resignation as non-executive director was announced in August, will step down on November 30.
Shares in the defence technology company were trading 0.6% higher at 170.20 pence each.
Related Shares:
CaledoniaChemringTt Electronics