GKN plc, the global engineering group quoted as the world’s largest manufacturer of sintered components, has announced changes to its executive board in anticipation of the retirement of its current Chief Executive, Sir Kevin Smith, at the end of this year.
With effect from 1 October 2011, Nigel Stein, who has already been announced as succeeding Smith as Chief Executive of the company from 1 January 2012, will become Chief Executive Designate and relinquish his responsibilities as Chief Executive Automotive. Smith will progressively hand over Group Chief Executive responsibilities to Stein during the following three months.
Responsibility for GKN’s Automotive business will at the same time hand over to Andrew Reynolds Smith, who is currently responsible for Powder Metallurgy and Land Systems. Reynolds Smith will continue to be responsible for Powder Metallurgy, with Land Systems being headed by Marcus Bryson, who will also continue to be responsible for the Aerospace division.
Sir Kevin Smith stated “I am pleased to announce the above changes which will provide the executive leadership for the next stage of the Company’s development.”
Edited by: Paul Whittaker, Editor ipmd.net, [email protected]