Melrose Industries PLC announced that Matthew Gregory, Chief Financial Officer ("CFO"), has informed the Board of his intention to retire and will step down from his position in 2026. Following a thorough selection process, the Board has appointed Ross McCluskey to succeed Matthew. Ross will join the Company as CFO in May 2026.

Matthew will remain with Melrose during 2026 to ensure a seamless transition and to support the Company as needed. Matthew has provided excellent leadership, rigour and expertise to Melrose since its strategic transformation into a global aerospace and defence technology business, having previously served as CFO of its operating business, GKN Aerospace. Ross brings over a decade of experience in senior finance and leadership roles, with a proven track record of delivering financial, commercial and operational excellence across large, international companies operating in highly regulated and complex industries.

Ross has spent the past nine years at Intertek Group plc, a FTSE 100 international testing and inspection business, where he is currently Executive Vice President, EMEA and Government and Trade Services. He previously served as Group CFO of Intertek Group plc from 2018 to 2021. Prior to Intertek, Ross spent five years at Inchcape plc where he held a number of senior finance roles including UK Finance Director and Australasia Finance Director.

During his earlier career he worked for JP Morgan, Gleacher Shacklock and Greenhill & Co.