Cobham has hired Airbus UK's former chief Paul Kahn to aid turnaround

 
Rebecca Smith
The FTSE 250 firm said its turnaround is gradually taking off
The FTSE 250 firm said its turnaround is gradually taking off (Source: Getty)

Former Airbus UK boss Paul Kahn has spread his wings to join aerospace and defence firm Cobham as president of its communications and connectivity sector, to help boost the company's fortunes.

He will take up the position on 2 October, with the current holder of the role, Michel Emelianoff, leaving the FTSE 250 firm by the end of the calendar year after a handover period.

Read more: Troubled defence firm Cobham reveals the result of its rights issue

Kahn had been president and chief executive of Airbus UK since 2014, and before that headed up Thales Canada. He has also retained several senior advisory positions with trade bodies, including the role of president of ADS, the UK trade body for aerospace, defence, security and space.

Cobham chief executive David Lockwood, said: “We are delighted that Paul has chosen to join Cobham, as he brings extensive, high level international aerospace and defence experience. We look forward to working with him as we further strengthen the Cobham business.”

Shares edged down one per cent in morning trading at 138.50p.

Kahn's appointment marks the first senior management change at Cobham since Lockwood took the reins last December.

The company replaced its chief executive and finance director last year and has issued a series of profit warnings, as well as unveiling a £500m rights issue in March.

Last month, Cobham said it was in the early stages of a "challenging turnaround", reporting first-half profit of £34.7m compared to a loss the year before. The firm also said it had put its wireless and avionics communication businesses under review to focus on its core aerospace and defence markets.

Read more: Cobham reveals it will raise more than £500m in its rights issue

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