QinetiQ Group plc Directorate Change (8766K)
September 27 2016 - 2:01AM
UK Regulatory
TIDMQQ.
RNS Number : 8766K
QinetiQ Group plc
27 September 2016
QinetiQ Group plc
David Smith appointed as new CFO of QinetiQ
QinetiQ announces today that David Smith has been appointed as
Chief Financial Officer (CFO). David will take up the role in the
New Year and there will be a further announcement once his start
date is confirmed. He succeeds David Mellors, who leaves QinetiQ on
31 December 2016 to join Cobham as Chief Financial Officer.
David Smith is currently Chief Financial Officer and a Director
of Rolls Royce where he has made an important contribution to
restoring confidence in the business, improving financial systems
and delivering the early stages of its transformation. David was
CFO of the technology group Edwards immediately prior to joining
Rolls Royce; he has previously been Chief Executive Officer of
Jaguar Land Rover and held a number of senior finance positions at
Ford. He holds an MA in Economics from Cambridge University and an
MBA from Warwick University.
Steve Wadey, QinetiQ Chief Executive Officer said:
"We are delighted that David has agreed to join QinetiQ. He has
extensive executive experience in blue chip companies and I am
confident that he will make a significant contribution to
delivering sustainable growth at QinetiQ."
David Smith said:
"QinetiQ is a science and engineering company with unique
capabilities that are particularly well matched to emerging themes
in global markets. I've been struck by the ambition of its
leadership team and am excited about helping QinetiQ to realise its
potential."
On appointment to QinetiQ, David Smith will receive a basic
annual salary of GBP440,000. In line with QinetiQ's approved
remuneration policy, he will be eligible to participate in the
Bonus Banking Plan and long-term incentive arrangements, and will
receive a payment in lieu of pension contributions. He will join
the QinetiQ Board of Directors and become a member of the Risk
& CSR and Security Committees.
David Smith is a Non-executive Director of Motability Operations
Group plc. Its shares are not publicly listed but it has debt
instruments listed on the main market of the London Stock Exchange.
David was previously a Director of Edwards Group Limited.
There are no other matters requiring disclosure under LR
9.6.13.
QinetiQ will issue a pre close trading update on 29 September
2016 and will report results for the half year ended 30 September
2016 on 17 November 2016.
This announcement contains inside information and the person
responsible for making this announcement is Jon Messent, Company
Secretary.
For further information, please contact:
Investor Relations: David Bishop, QinetiQ +44 (0)7920 108675
Media Relations: QinetiQ Press Office +44 (0)1252 393500
About QinetiQ:
Listed on the London Stock Exchange (LSE: QQ.L), QinetiQ is a
leading science and engineering company operating primarily in the
defence, security and aerospace markets. Our customers are
predominantly government organisations, including defence
departments, as well as international customers in other targeted
sectors.
See www.QinetiQ.com | www.QinetiQ-blogs.com | @QinetiQ.
This information is provided by RNS
The company news service from the London Stock Exchange
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