Table of Contents
Chemring has appointed a president to take advantage of increased military spending in the West.
The FTSE 250 explosives maker said Tony Wood will join the board in October and take up the role of chairman in December.
Wood succeeds Carl-Peter Forster, who is retiring after more than eight years in the role.
Wood was chief executive of components giant Meggitt from 2018 to 2022 and spent 15 years at Rolls-Royce, where he served as president of aerospace.
On target: FTSE 250 explosives maker Chemring said Tony Wood will join the board in October and take over as chairman in December.
He is a member of the board of directors of Airbus and National Grid.
Chemring chief executive Michael Ord said Wood’s “knowledge and understanding of the aerospace and defense sector will be invaluable” in the years ahead.
Earlier this month, Ord said the threat of global conflict will lead to a decade of rearmament in the West.
Chemring said the value of orders on its books rose 39 per cent in the first half, to a record £1.04 billion.
Shares rose 1.6 percent yesterday.
DIY INVESTMENT PLATFORMS
![Explosives maker Chemring names new chairman as defense spending soars 7 Easy investing and ready-to-use portfolios](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
AJ Bell
![Explosives maker Chemring names new chairman as defense spending soars 7 Easy investing and ready-to-use portfolios](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
AJ Bell
Easy investing and ready-to-use portfolios
![Explosives maker Chemring names new chairman as defense spending soars 9 Free Fund Trading and Investment Ideas](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_749_Britains-pay-rises-forecast-to-slow-for-the-first-time.jpg.webp)
Hargreaves Lansdown
![Explosives maker Chemring names new chairman as defense spending soars 9 Free Fund Trading and Investment Ideas](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_749_Britains-pay-rises-forecast-to-slow-for-the-first-time.jpg.webp)
Hargreaves Lansdown
Free Fund Trading and Investment Ideas
![Explosives maker Chemring names new chairman as defense spending soars 11 Fixed fee investing from £4.99 per month](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_266_Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
interactive inverter
![Explosives maker Chemring names new chairman as defense spending soars 11 Fixed fee investing from £4.99 per month](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_266_Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
interactive inverter
Fixed fee investing from £4.99 per month
![Explosives maker Chemring names new chairman as defense spending soars 13 Stock Investment: Community of over 30 million](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_634_Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
eToro
![Explosives maker Chemring names new chairman as defense spending soars 13 Stock Investment: Community of over 30 million](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_634_Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
eToro
Stock Investment: Community of over 30 million
![Explosives maker Chemring names new chairman as defense spending soars 15 Free stock trading and no account commission](https://media.sailthru.com/composer/images/sailthru-prod-626/trading%20212%20logo.jpg%20)
Trade 212
![Explosives maker Chemring names new chairman as defense spending soars 15 Free stock trading and no account commission](https://media.sailthru.com/composer/images/sailthru-prod-626/trading%20212%20logo.jpg%20)
Trade 212
Free stock trading and no account commission
Affiliate links: If you purchase a This is Money product you may earn a commission. These offers are chosen by our editorial team as we think they are worth highlighting. This does not affect our editorial independence.
Compare the best investment account for you