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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.
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