Chief executive steps down at aerospace supplier

Aerospace, energy and defence supplier, Meggitt has announced the retirement of its chief executive. Stephen Young will step down from his role at the end of April 2018. Mr Young has served in post for five years and prior to that, was Finance Director for nine years. In an anticipated move, he will be succeeded by Tony Wood on January 1, 2018. Mr Wood has been Meggitt's Chief Operating Officer since December 2016. Sir Nigel Rudd, Meggitt chairman, said: "The board thanks Stephen for his commitment and tremendous contribution... For the full story register now for free or login below...
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