25 April 2019
Legal Entity Identifier: 213800A41R9NL49E5632
Cobham APPOINTS JAMIE PIKE aS non-executive DIRECTOR AND CHAIRMAN ELECT
Cobham plc announces the appointment of Jamie Pike as a Non-Executive Director
and Chairman elect effective from 1 May 2019. Jamie will join the Board's Nomination and Audit Committees. It is intended that he becomes Chairman after a short handover period, and taking account of the proposed completion of the takeover of RPC Group, where he is currently Chairman. Mike Wareing has agreed to continue as Cobham Chairman until this time. Mike has led the Board through a period of significant change over the last two years and been a Director since December 2010.
Jamie has been a Non-Executive Director for five years and Chairman of Spirax-Sarco Engineering since May 2018, as well as being Chairman of RPC Group since 2008. He was formerly Chairman of Ibstock, Tyman and a US business, MBA Polymers. He has also been a Non-executive Director of RMC Group, Kelda Group and Lafarge Tarmac Holdings.
Jamie brings experience spanning a decade in defence markets, having been Chairman of the UK Defence Support Group until 2011, and a Non-executive Director of the UK Army Recruitment and Training Division.
During his executive career, Jamie was Chief Executive of Foseco until its acquisition by Cookson Group in 2008. He was previously Chief Executive of Burmah Castrol Chemicals, before leading a buy-out and subsequent IPO of Foseco. Prior to joining Burmah Castrol, he was Principal at AT Kearney and a Partner at Bain & Company.
Jamie has a degree in Engineering Science from Oxford, an MBA from INSEAD and is a Member of the Institute of Mechanical Engineers.
Michael Wareing, Cobham Chairman, commented:
'I am delighted to welcome Jamie to Cobham. He is a very experienced Chairman and Non-executive Director, with a background in engineering and defence. My stepping down represents the final stage of the rolling succession plan agreed by the Board at the time of the Rights Issue in early 2017, and I am pleased that we have delivered on this commitment. Cobham now has a refreshed Board to continue improving the Group's performance.'
John McAdam, Cobham Senior Independent Director, commented:
'We are extremely grateful to Mike for his leadership and providing stability and continuity through a period of change. The Board wishes to thank him for this and the significant contribution he has made throughout his nine years on the Board of Cobham.
'We look forward to working with Jamie as we continue to focus on customers, culture, operational improvement, business simplification and cash, which will allow us to realise Cobham's potential.'
Cobham confirms there are no further disclosures to be made under rule 9.6.13 of the Listing Rules.
Cobham plc +44 (0)1202 857 998
Julian Wais, Director of Investor Relations
MHP Communications +44 (0)203 128 8100
Reg Hoare/Tim Rowntree/Nessyah Hart
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 around 10,000 people primarily in the USA, UK and Europe and Australia. We 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 equipment.