Appointment of Chief Executive Officer

RNS Number : 5426D

Morgan Advanced Materials PLC

30 January 2015

 



30 January, 2015

Appointment of Chief Executive Officer

The Board is pleased to announce the appointment of Pete Raby as Chief Executive Officer, with effect from 1^st August 2015.  

Pete joins the Company and the Board from Cobham plc, where he is currently President of its Communications and Connectivity sector, the company's largest sector with over 4000 employees across 30 sites worldwide. During a nine year career at Cobham plc, Pete has demonstrated a strong leadership track record across a range of roles including head of strategy and chief technology officer, leader of the group wide "Excellence in Delivery" operational transformation programme and head of the company's satellite communications business.  Pete has been a member of Cobham plc's executive committee since 2010.

Prior to Cobham, Pete was a partner at McKinsey & Company, the consultancy. He began his career at Trimble Navigation, the advanced location-based solutions company, after completing a PhD in satellite navigation at Leeds University.

The appointment follows an in depth search process following the departure of Mark Robertshaw and was led by the Chairman with the support of the Nominations Committee and the Board.  Kevin Dangerfield will remain interim CEO until 1 August 2015.

No further information is required to be disclosed pursuant to Listing Rule 9.6.13R in respect of Pete Raby.

Andrew Shilston, Chairman, said:

"Pete has a strong technical background and an impressive track record in planning and executing business strategy across global manufacturing operations. His background in technology-led innovation makes him an excellent choice for the role of CEO as Morgan Advanced Materials continues to develop truly differentiated, world-leading products and materials across its global markets. We are delighted to welcome him as CEO, and we look forward to working with him."

Pete Rabysaid: 

"Morgan Advanced Materials is a company with a long and distinguished history and an exciting future. I am delighted to be appointed Chief Executive Officer. The company has a tremendous heritage in advanced materials technology and I look forward to getting to know the people and the business, and leading the group in the next phase of its development."

Andrew Shilston	Morgan Advanced Materials	01753 837000
Mike Smith	Brunswick	0207 404 5959

Notes to Editors

Pete Raby, 47, is President of Cobham plc's Communications & Connectivity sector which provides technically differentiated communications products and technologies to commercial, government and military customers in a wide range of global B2B markets.  Pete was appointed to this role in March 2014. Prior to that, he was Executive Vice President of Operations for Cobham plc (August 2010 - February 2014), responsible for the £200m, 5 year 'Excellence in Delivery' transformation programme.

Earlier in his career with Cobham plc, Pete was Executive Vice President of Strategy and Chief Technology Officer (January 2010 - August 2010) and Vice President of Satcom (January 2008 - December 2009). He joined Cobham plc as Group Director of Strategy in October 2005.

Prior to Cobham plc, Pete was a partner at McKinsey & Company (June 2003 - September 2005), a management consultancy, having joined the company as an Associate in September 1997. During his tenure with McKinsey & Company Pete specialised in strategy and operations in the aerospace and defence and power and gas sectors.

Earlier in his career, he worked for Trimble Navigation, the advanced location-based solutions company, in California, focussing on product development.

Pete has a PhD in satellite navigation and an M.Eng from the Department of Electronic and Electrical Engineering at the University of Leeds.

About Morgan Advanced Materials

Morgan Advanced Materials plc is a global materials technology company which designs and manufactures a wide range of high specification products with extraordinary properties, across multiple sectors and geographies.

From an extensive range of advanced materials we produce components, assemblies and systems that deliver significantly enhanced performance for our customers' products and processes. Our engineered solutions are produced to very high tolerances and many are designed for use in extreme environments.

The Company thrives on breakthrough innovation. Our materials scientists and applications engineers work in close collaboration with customers to create outstanding, highly differentiated products that perform more efficiently, more reliably and for longer.

Morgan Advanced Materials plc has a global presence with more than 9,000 employees across 50 countries serving specialist markets in the energy, transport, healthcare, electronics, security and defence, petrochemical and industrial sectors. It is listed on the London Stock Exchange in the engineering sector (ticker MGAM).

For more information on Morgan Advanced Materials plc visit: www.morganadvancedmaterials.com 

 

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