Ken Lever has been appointed to the position of chief financial officer and senior vice president of memory-technology company Numonyx B.V.

The former Tomkins FD, who left six months ago, will begin the transition phase of his new role immediately at the company, based in Rolle, Switzerland.

The appointment of Lever, who also chairs the financial reporting committee of the Hundred Group of Finance Directors, follows news last week of Numonyx joint venture with STMicroelectronics and Intel, launched with combined revenues of around $3bn.

Lever told Accountancy Age that he is 'delighted' with the new role.

'I see this as a great opportunity to help to build this exciting new company and to actively participate in a private equity backed business venture. Ultimately it is hoped that Numonyx will be floated as a listed company,' Lever said.

Brian Harrison, president and chief executive officer at Numonyx, said Lever's expertise will be 'particularly valuable' as the company begins operations and work to become a financially successful memory supplier.

'Ken will be a great addition to our highly experienced management team,' he said.

Lever began his career with Arthur Andersen, becoming a partner in 1985. Since 1987, he served as a public listed company director initially with Corton Beach plc, a small conglomerate, where he was finance director and then group managing director, and subsequently as finance director (CFO) of Alfred McAlpine plc, the international construction services group; Albright & Wilson, the global chemicals group; and, for the last eight years, with Tomkins plc, the global engineering and manufacturing group listed on the London and New York St ock Exchanges.

Lever has also held a number of non-executive positions at Vega Group plc, a consulting and technology service business in the space, defense, and government sectors; Meerwood Group plc, a home builder; iSoft plc and Wolsey Securities Group, a provider of finance to the home building industry.

Further reading:

Credit crunch sparks fair value revolt