(Alliance News) - Melrose Industries PLC on Monday said Chief Financial Officer Matthew Gregory will step down next year.
The Birmingham, England-based aerospace manufacturing company appointed Ross McCluskey as its new CFO, starting in May. Outgoing CFO Gregory will remain with Melrose during 2026 to ensure a seamless transition.
Incoming CFO McCluskey was CFO at London-based assurance, testing, inspection and certification services provider Intertek Group PLC from 2018 to 2021, and currently serves there as executive vice president for EMEA and Government & Trade Services.
Melrose Chief Executive Officer Peter Dilnot said of McCluskey: "His seasoned leadership, deep financial and operational expertise, international mindset and public company experience will be invaluable as we execute our growth strategy."
Melrose shares were down 4.2% to 570.65 pence each on Monday morning in London, while Intertek shares were down 1.6% at 4,552.00p.
By Tom Budszus, Alliance News slot editor
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Mr. Ross McCluskey is an Executive VP-Europe & Central Asia Region at Intertek Group Plc. He is on the Board of Directors at Intertek Testing Management Ltd., Intertek Capital Resources Ltd., Intertek Finance No. 2 Ltd., Intertek Finance Plc, Intertek Holdings Ltd., Intertek Nominees Ltd., Intertek Testing Services Holdings Ltd., Intertek Testing Services Pacific Ltd., Intertek UK Holdings Ltd. and Intertek USD Finance Ltd. Mr. McCluskey was previously employed as a Finance Director-Australia & UK Business by Inchcape Plc.
Intertek Group plc is one of the world's leading groups specializing in analysis, control and certification of products and systems. Net sales break down by activity as follows:
- control and certification services for consumer goods (28,1%): textiles, footwear, toys, stationery, household appliances, consumer electronics, information and communication technology products, and products from the automotive, aerospace, lighting, construction, renewable energy and healthcare industries. Also, the group is developing an activity to monitor the certification of international standards;
- monitoring and assessment of petroleum and agricultural products (24.9%). Besides, Intertek Group plc offers inspection services to government system and regulators to support commercial activities, contributing to the movement of goods across borders ;
- cargo inspection, analytical evaluation, calibration and technical services to the oil and biofuels industries (22.3%);
- development of quality assurance solutions for the industry and infrastructures (14.6%): for the supply chain in the building and construction, renewable energies, oil and gas, petrochemicals, minerals and other industries;
- auditing and business process support services (9.9%): in the areas of science, regulation, environment, health, safety, and quality.
At the end of 2024, the group operated more than 1,000 inspection offices and laboratories in the world.
Net sales are distributed geographically as follows: the United Kingdom (6.7%), the United States (30.2%), China and Hong Kong (17.8%), Australia (5.1%) and others (40.2%).
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