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Defence

QinetiQ makes leadership team changes

QinetiQ has today announced the appointment of Martin Cooper as Group Chief Financial Officer (CFO), to succeed Carol Borg - who will step down from her role as Group CFO with effect from today - plus the appointment of Iain Stevenson to the newly created role of Chief Operating Officer (COO).

Image By Boguslaw Mazur © Shutterstock

Carol Borg and the QinetiQ Board have together agreed that Carol will step down from her role as Group CFO and will continue to be available to support the interim arrangements until the end of July.

QinetiQ has appointed Martin Cooper as Group CFO and he is expected to join the QinetiQ Board no later than October. Martin is a qualified chartered accountant and has more than 25 years’ experience leading multi-disciplinary teams in senior finance roles. He joins QinetiQ from BAE Systems where he held a number of positions including UK & Rest of World Financial Controller, Divisional Finance Director and most recently Investor Relations Director.

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To enable a smooth transition in the interim period prior to Martin joining QinetiQ, Heather Cashin, currently the Group Financial Controller, has been appointed Interim Group CFO. David Smith, former Group CFO of QinetiQ, has agreed to provide advice and support services to Heather and the Board during the interim period.

QinetiQ has also appointed Iain Stevenson to the newly created role of Chief Operating Officer and the appointment of Will Blamey as Chief Executive UK Defence.

Both roles report to Group CEO Steve Wadey and they will be part of the QinetiQ Leadership Team. The new role of Chief Operating Officer will provide increased focus on the delivery of consistent operational performance across the Group as it continues to scale and grow.

Iain is currently Deputy Chief Executive of AWE, the UK nuclear science and technology company and he will join QinetiQ in July. He is an experienced senior business leader having previously led large business divisions in the defence and construction sectors.

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Will is promoted to the role of Chief Executive UK Defence, having been instrumental in the successful development and delivery of major programmes at QinetiQ, such as the Long-Term Partnering Agreement. Will joined QinetiQ in June 2018 and was previously Managing Director, Maritime & Land.

Steve Wadey, Group Chief Executive Officer said: “I would like to thank Carol for all her service and contributions over the last few years and wish her well for the future.

“The Board and I are delighted we have secured the talents of both Martin and Iain and welcome them to the QinetiQ team. Martin brings valuable global experience, coupled with deep financial and operational expertise. His detailed understanding of our sector and the markets we operate in will be instrumental in helping the Group perform and grow. As our new Chief Operating Officer, Iain’s demonstrable track record of delivery in programme management and operational performance will strengthen the strategic and operational capabilities of the Group.

“Together with Will’s promotion, these appointments add strength and depth to our leadership team. They will further enhance our capability to execute our plan for long-term growth and deliver compelling shareholder value.”

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