C&W Worldwide chief financial officer joins Ricardo

RICARDO HAS APPOINTED Ian Gibson, chief financial officer of Cable & Wireless Worldwide (C&WW), as its new CFO, the engineering consultant said today.

Gibson joins Ricardo with effect from 15 May, having served as C&WW chief financial officer until the company was acquired by Vodafone in July last year.

A member of the ICAEW, Gibson spent 17 years at Cable & Wireless Group, most latterly at CW&W, where he played a key role in its demerger and listing and subsequent sale to Vodafone.

Vodafone bought the company for £1.1bn in a deal that doubled its business with British companies and provided Vodafone with a 20,000-kilometre fibre network allowing it to carry more mobile internet traffic at a lower cost.

Prior to his time with Cable & Wireless, he spent twelve years at Deloitte where he worked in the audit and forensic accounting teams of the London and Toronto offices.

“Ian brings with him a wealth of global business experience in technology-driven markets. I am sure that he will make an extremely valuable contribution to the future of Ricardo and look forward to working with him to deliver our strategy for growth,” said Dave Shemmans, CEO of Ricardo.

In order to allow an orderly handover, Bill Jessup, interim group finance director, will stand down from the Board on 30 June 2013.

Gibson was paid £277,000 last year by CW&W, according to the latest Financial Director Salary Survey.

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