30-Apr-2012 Source: Cobham
Warren Tucker, who has served as Chief Financial Officer (â€˜CFOâ€™) of Cobham plc (â€˜Cobhamâ€™) since May 2003, had previously discussed with the Cobham Board long term planning with regard to tenure on the Board. Following Andy Stevensâ€™ retirement for medical reasons and at the Boardâ€™s request a final decision was delayed to allow for the appointment of a new Chief Executive Officer (â€˜CEOâ€™). It is now planned that Warren will stand down at the Annual General Meeting in 2013, after completing 10 years of service. This will enable a good transition with the new CEO and facilitate, in due course, the process for appointing and handing over to a new CFO.
Warren Tucker commented: â€œCobham is a great company with tremendous potential and although I will miss the business and its people, I feel that ten years is long enough on the Board of any one company. I am very focused on supporting the company, my colleagues and facilitating the arrival and induction of Bob Murphy prior to embarking on a new and different phase of my career next year.â€
John Devaney commented: â€œWe are grateful to Warren for his service and enormous contribution over the last nine years, for staying on to provide continuity during this time of change and also to ensure our Excellence in Delivery programme transitions to sustainable business as usual by 2013.â€