Rosebank Industries plc has appointed Liam Butterworth as COO and a director of the company.

Jersey-headquartered Rosebank, listed in London, was established by former senior management at Melrose, with former chief executive Simon Peckham serving as CEO.

Rosebank, which made its first acquisition last summer in Electrical Components International, says it operates a proven model of ‘buy, improve, sell’.

This was also a tagline at Melrose, a Birmingham-based turnaround company which bought out, operated and – in some cases – sold engineering companies.

Now Butterworth has joined and subscribed for shares.

A director at United Utilities, he was most recently CEO of Dowlais Group plc before the combination of Dowlais and American Axle & Manufacturing Holdings.

Prior to that, he was CEO of GKN Automotive until its demerger from Melrose Industries PLC in 2023.

Peckham and three Melrose colleagues – including Chris Miller, now senior independent director at Rosebank – were criticised in 2018 after each of them were paid more than £40m in bonuses as part of a £8bn swoop for Redditch-based engineering giant GKN.