QinetiQ Group plc has announced changes to its leadership team and board.
The multinational defence technology company, headquartered in Farnborough, Hampshire, said group CFO Carol Borg (pictured) and its board have together agreed that she will step down from the role with effect from today.
She will continue to be available to support interim arrangements until the end of July.
QinetiQ has appointed Martin Cooper as group CFO. He is expected to join the QinetiQ board no later than October.
Cooper 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.
Heather Cashin, currently the group financial controller, has been appointed interim group CFO prior to him joining the company. David Smith, former group CFO of QinetiQ, has agreed to provide advice and support services during the interim period.
QinetiQ has also announced the appointment of Iain Stevenson to the newly created role of chief operating officer, and the appointment of Will Blamey as chief executive UK defence.
Stevenson is currently deputy chief executive of AWE, the UK nuclear science and technology company, and he will join QinetiQ in July.
“I would like to thank Carol for all her service and contributions over the last few years and wish her well for the future,” said Steve Wadey, group CEO.
“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.”