– UK, Fareham – Chemring Group PLC (LON: CHG) today announced the appointment of Tony Wood to its Board as an independent non-executive director and Chairman-designate with effect from 1 October 2024, to succeed Carl-Peter Forster as Chairman on 1 December 2024.
“We are delighted that Tony has agreed to succeed Carl-Peter as Chairman of Chemring. He joins at an extremely exciting point in Chemring’s development and his knowledge and understanding of the defence and aerospace sector will be invaluable. Tony is an extremely experienced individual with a strong business track record, and the Board believes that he is the right person to oversee the next stage of the Group’s development.” said CEO, Michael Ord.
Carl-Peter will retire on 30 November 2024.
About Tony Wood
Tony Wood is a member of the Board of Directors of Airbus SE, the CAC 40 aerospace and defense firm, and National Grid plc, an energy company operating in the UK and the US. From 2018-2022 he was Chief Executive of FTSE 100 Meggitt plc, where he led the operational and cultural transformation of the company. He brings to the Board significant engineering and sector experience having also been a Non-Executive Director and former President of ADS Group Limited, the trade association for the Aerospace, Defence, Security and Space sectors in the UK, from 2020-2023. Before joining Meggitt he spent 15 years at Rolls-Royce plc, latterly serving as President of Aerospace from 2013-2016.
Tony Wood said: “I am very much looking forward to joining the Board of Chemring succeeding Carl-Peter as Chairman, and to working with the Board, Michael Ord and the leadership team to support the next exciting stage in the Company’s development.”
Tony Wood holds a degree in Engineering from the Open University in the UK and a Master of Business Administration from INSEAD in France. He is a Fellow of the Royal Aeronautical Society and a Fellow of the Association for Project Management.
About Chemring
- Chemring is an FTSE250 global business that specializes in the manufacture of high technology products and the provision of services to the aerospace, defense and security markets
- Employing approximately 2,600 people worldwide, and with production facilities in four countries, Chemring meets the needs of customers in more than fifty countries
- Chemring is organized under two strategic product segments: Sensors & Information and Countermeasures & Energetics
- Chemring has a diverse portfolio of products that deliver high-reliability solutions to protect people, platforms, missions, and information against constantly changing threats
- Operating in niche markets and with strong investment in research and development, Chemring has the agility to rapidly react to urgent customer needs
For more: https://www.chemring.com/
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