Chemring appoints Mark Papworth as CEO
Whiteley-based Chemring Group Plc - facing a possible takeover bid from the Carlyle Group which must be made by 9 November - has announced the appointment of Mark Papworth as CEO with effect from 5 November, replacing Dr David Price, who resigned this week.
Courtesy Woods Group Plc
Mark (above) formerly worked at Wood Group plc, a leading FTSE 100 company, where he served as Chief Executive Officer of the Gas Turbines Services division from 2005 and also as an Executive Director on the Board from 2006.
His career has covered high technology, service and manufacturing companies serving aerospace, energy and infrastructure markets. During his tenure at Wood Group he implemented and delivered a strategic review which resulted in a successful turnaround, improved manufacturing capabilities and substantial improvements in profitability.
Prior to his time at Wood Group plc, Mark spent two years as Executive Vice President of Rolls-Royce Energy based in the United States of America, and thirteen years with Alstom Power in various roles, finally as Managing Director of the Industrial Gas Turbines division.