GKN plc is pleased to announce the appointment of Michael J. Turner, CBE as Chairman of the Company to succeed Roy Brown, who retires as Chairman and from the Board, at the close of the Company's annual general meeting on 3 May 2012.
Mike Turner joined the GKN Board in September 2009 as a non-executive Director and was appointed Senior Independent Director in May 2010. He is a former Chief Executive of BAE Systems plc and is currently Chairman of Babcock International Group plc. He is also a non-executive Director of Lazard Ltd and a member of the Government's Apprenticeship Ambassadors Network.
Roy Brown said: "I am pleased that, following a thorough process, the Board has appointed Mike to succeed me as Chairman. Mike's wide boardroom experience coupled with his extensive engineering background makes him an excellent choice. I wish him every success in the role."
Mike Turner said: "I am delighted to have been appointed Chairman of GKN at such an exciting time in the Group's development. I very much look forward to working with my fellow Directors and supporting the executive team in continuing the strong progress made in recent years."
Nigel Stein, Chief Executive Designate, said: "I am very pleased that Mike has agreed to become our new Chairman on Roy's retirement in May and look forward to working with him in his new role. Mike has a wealth of experience in the engineering sector which will be invaluable. I would also like to take this opportunity, on behalf of the Board, to thank Roy Brown for his contribution to the success of the Company over the last 15 years."
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Notes to Editors:
Michael John Turner, CBE (aged 63) has extensive experience of the aerospace industry, having worked at BAE Systems plc and its predecessor companies for more than 40 years. He joined Hawker Siddeley Aviation as an undergraduate commercial apprentice in 1966 and went on to hold a number of commercial, marketing and general management positions, culminating in his appointment as Chief Executive from 2002 to 2008.
He has significant boardroom experience, gained not only at BAE Systems plc but also through his appointments as non-executive Director (1996 to 2005) and Chairman (since 2008) of Babcock International Group plc, non-executive
Director of The Peninsular and Oriental Steam Navigation Company plc (2005 to 2006) and non-executive Director of Lazard Ltd (since 2006).
Mike has an honours degree (BA) from Manchester Polytechnic and has received honorary degrees from Manchester Metropolitan University, Cranfield University and Loughborough University in recognition of his contribution to the development of the aerospace industry. He was elected a Fellow of The Royal Aeronautical Society in 1991 and was awarded the CBE for services to the aerospace industry in the Queen's Birthday Honours in 1999.
GKN plc is a global engineering business serving the automotive, aerospace and land systems markets. It has operations in more than 30 countries, around 42,000 employees in subsidiaries and joint ventures and had sales of £5.4 billion in the year ended 31 December 2010. GKN plc is listed on the London Stock Exchange (LSE: GKN).