18th Nov 2011 07:00
18 November 2011
Change of Directorate
Cobham plc announces today that Andy Stevens has informed the Board that he is unable to continue as Cobham's Chief Executive Officer (CEO) due to the recurrence of a long term serious back injury and has therefore decided to take early retirement.
The Chairman, John Devaney, will temporarily assume the position of Executive Chairman while a search is conducted for a new CEO.
Andy will remain on the board for a period of time to assist with the management of the company until a new CEO is appointed.
The Board would like to take this opportunity to express their sympathy to Andy at this unfortunate turn of events and to thank him for his significant contribution to the company over the last eight years.
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ENQUIRIES
Cobham plc
Julian Wais, Director of Investor Relations +44 (0)77 20999 764
Brunswick
Nick Claydon/Mike Harrison +44 (0)20 7404 5959
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