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Ultra Electronics Hires Ex-BBA Aviation Boss As New Chief Executive

22nd Mar 2018 08:33

LONDON (Alliance News) - Ultra Electronics Holdings PLC announced Thursday the appointment of former BBA Aviation PLC Chief Executive Simon Pryce as its new CEO.

Pryce will join FTSE 250-listed Ultra Electronics on June 18, when current Executive Chairman Douglas Caster will return to his role as non-executive chairman.

Pryce headed up aviation services firm BBA Aviation from 2007 to 2017. He is also a non-executive director of Electrocomponents PLC, and has previously worked at GKN PLC, JPMorgan, and Lazards Asset Management.

Caster commented: "I am delighted to welcome Simon to Ultra. His broad experience, especially his international, plc and financial background make him an excellent choice as Ultra's next chief executive officer.

"Simon has a proven track record as a strong businessman and the board is confident that he has the qualities to lead Ultra for the next stage of the group's development."

Shares in Ultra were up 0.7% on Thursday at 1,396.00 pence each.


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