DEFENCE manufacturer Cobham yesterday poached the group finance director of its FTSE 250 aerospace technology rival Senior to become its new chief financial officer.
Simon Nicholls will leave Senior at the end of April next year after five years in the post to replace outgoing Cobham CFO Warren Tucker, who will stand down at the firm’s annual meeting after ten years.
Nicholls’ appointment comes at a time of tough markets for Cobham, which warned last month of a slowdown in revenues on the back of a shrinking US defence market. Senior, which makes components used in the aerospace and defence market, is seeking Nicholls’ replacement.
Nicholls, who began his career at PwC, has previously been CFO at Hanson North America and financial controller for former FTSE listed firm Hanson. He said: “I leave the Group, to take the next step in my career, at a time when it is performing strongly.”