Cobham plc announces that its Chief Executive Officer (CEO), Bob Murphy, is to step down from his role and from the Board no later than the end of 2016 to pursue other opportunities.
The Board thanks Bob for his leadership during challenging
times, including: the development of a clear strategy with a focus
on connectivity; driving technology investment resulting in a
number of strategic wins for the Group; and enhancing the Company's
customer focus and performance to customer expectations. We wish
him well in his future endeavours.
Mr Murphy will be succeeded by David Lockwood who will join the
Company no later than 1 January 2017. He will also join the
David is currently CEO of Laird PLC, the FTSE 250 technology
company providing products and solutions that protect electronics
from electromagnetic interference and heat and which enable
connectivity in mission-critical wireless applications. During his
time at Laird, David has built the company into a focused
enterprise connectivity company with leading positions in the
connected transport and consumer device markets, delivering
sustained organic growth.
Before taking his current role four years ago, David was
formerly Vice President Global Defence & Security at BT Global
Services. He has experience of international defence operations,
gained from his roles at GPT (Marconi), BAE Systems and Thales
Corporation. He chaired the Scottish Government's Technology
Advisory Group and, in 2005, was the recipient of the Scottish
Entrepreneur of the Year Award for Technology. In February 2014,
David was appointed as Non-Executive Chairman of Knowledge Transfer
David has a BA (Hons) in Mathematics from the University of York
and is a Chartered Accountant by profession.
Cobham Chairman, John Devaney said, "David has a background in
defence and communications technology which are at the heart of
Cobham. We look forward to him joining the company and thank
Bob for his contribution.
Other than David Lockwood's Executive Director role at Laird
Group plc, there are no further disclosures to be made under rule
9.6.13 of the Listing Rules.
About Cobham Group
The most important thing we build is
Cobham is a leading global technology and services innovator,
respected for providing solutions to the most challenging problems,
from deep space to the depths of the ocean.
We employ more than 11,500 people on five continents, and have
customers and partners in over 100 countries, with market leading
positions in: wireless, audio, video and data communications,
including satellite communications; defence electronics; air-to-air
refuelling; aviation services; life support and mission
John Devaney, Chairman
Julian Wais, Director of Investor Relations
Elizabeth Harraway, VP, Communications
Michael Harrison, Brunswick
Charles Pemberton, Brunswick
+44 (0) 1202 882020
+44 (0) 1202 857998
+44 (0) 771 8694819
+44 (0) 20 7404 5959
+44 (0) 20 7404 5959