Ex-Umeco FD takes Chemring role

by Rachael Singh

More from this author

03 Jan 2013

  • Comments
A Typhoon fighter jet on the ground

KPMG-QUALIFIED Steve Bowers has taken on the role of group finance director at defence industry manufacturers Chemring.

Bowers was most recently FD at Umeco, which provides materials to the aerospace and defence industries. He had been with the business for 13 years until its acquisition by Cytec in the summer.

Chemring, which supplies technology and electronics to the defence industry, made an underlying profit before tax of £125.6m and had revenues of £745.3m in 2011.

Peter Hickson, chairman of Chemring, said Bowers played a "central financial role" at Umeco during a period of considerable change.

"His excellent knowledge of the international aerospace and defence industries will be of great benefit to the group," Hickson said.

"Following Mark Papworth's recent arrival as CEO, Steve's appointment is another important step in strengthening our executive management team, as we commit to rebuilding operational and financial performance and delivering improved returns for shareholders."

Bowers succeeds Nigel Young who was promoted to interim chief financial officer in July 2012.

Visitor comments

blog comments powered by Disqus
display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit
  • Send

Divisional Financial Controller - Social Sciences

University-of-Oxford-120x60University of Oxford - Oxford - £65k per year

 
 
 
 
 
 
 
 

 

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

cchcover

iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.