14th May 2007 08:57
GKN BOARD APPOINTMENTS
GKN plc is pleased to announce the appointment of Marcus Bryson and Andrew Reynolds Smith as Executive Directors with responsibility for the Group's aerospace and powder metallurgy, offhighway and industrial services businesses respectively. They will report to the Chief Executive, Sir Kevin Smith.
Mr Bryson, 52, has over 22 years service with Westland Group plc and GKN in various aerospace related roles and is currently President and Chief Executive, GKN Aerospace.
Mr Reynolds Smith, 41, joined GKN in 2002 and has held positions in the Group's Driveline and Sinter Metals businesses and is currently President and Chief Executive, GKN Sinter Metals.
In addition to the above, Nigel Stein, GKN Group Finance Director, will take Executive responsibility at Board level for the Group's automotive businesses. Mr Stein, 51, joined GKN in 1994 and has been Finance Director since 1st August 2001, a post which he will retain until the appointment of a successor.
The appointments of Marcus Bryson and Andy Reynolds Smith will be with effect from 1st June 2007 with Nigel Stein taking over responsibility for the Automotive function on a progressive basis between 1st June 2007 and the appointment of his successor as Group Finance Director.
GKN Chairman, Roy Brown, said "Both Marcus and Andy are responsible for businesses which are world leaders in their respective market sectors. Marcus has overseen significant growth in our aerospace businesses and Andy has played a key role in the transformation and turnaround of our Sinter Metals business. I am delighted to welcome both of them onto the Board of the Company. Nigel has gained great respect from the City and our shareholders in his 6 or so years as Finance Director and I am particularly pleased that he has accepted the opportunity to take responsibility for the Group's largest business."
There are no matters to be disclosed under paragraph 9.6.13R of the Listing Rules of the Financial Services Authority.
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