City Appointments: Wolseley; Coventry Building Society; Melrose Industries
Wolseley has appointed Mike Powell as Chief Financial Officer and an Executive Director, with effect from June 1, 2017.
Mr Powell is currently Group Finance Director of BBA Aviation and has extensive international experience having worked overseas in a variety of senior finance positions. In his current role he oversees a business which generated more than 85% of its revenues in North America in 2016.
Prior to joining BBA Aviation, he served as CFO of AZ Electronic Materials and CFO of Nippon Sheet Glass, based in Tokyo. Earlier in his career he spent 15 years at Pilkington in a variety of operational and finance roles.
Dave Keltner, who has been interim CFO since September 2016, is to retire later in the year.
John Martin, Wolseley CEO, said: “This is an important period in Wolseley’s development as we focus ever more intensely on driving profitable growth. I look forward to working with Mike as part of the leadership team to build on our track record of investing in market leading businesses and delivering great shareholder returns.”
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The Coventry Building Society has appointed two new executive directors. Michele Faull and Andy Deeks will take up their roles with effect from April 27.
Ms Faull will join as Chief Financial Officer of the society, a move which follows the retirement of John Lowe.
Ms Faull was previously Group Risk Director at Nationwide Building Society until December 2016. Prior to that she served as Director for Financial Reporting & Tax at the Nationwide as well as undertaking senior finance roles at Aviva, ICL and PwC.
Andy Deeks is currently the Product, Marketing and Strategy Director for the society. He has over 10 years of experience with the Coventry, and plays a key role in both the commercial delivery and strategic development of the society for its members.
Ian Pickering, chairman of Coventry Building Society, said: “I am pleased to welcome Michele and Andy to the board of Coventry. They both bring a wealth of relevant experience and I am sure they will make a significant contribution to the future success of the society.”
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Melrose Industries has announced the appointment of a new non-executive director following the retirement of John Grant.
Mr Grant will step down from the business at the conclusion of this year’s AGM, having held a non-executive position on the Melrose board since 2006. He is currently senior non-executive director and chairman of the Audit Committee.
He will be replaced as senior non-executive director by Justin Dowley, who will also continue to hold the position of chairman of the Remuneration Committee.
Mr Lowe’s position as chairman of the Audit Committee will be taken up by Liz Hewitt, who will step down as chairman of the Nomination Committee, to be replaced by David Lis.
The board has decided to increase the number of its independent non-executive directors in conjunction with Mr Lowe’s replacement and, accordingly, a search is underway for two new non-executive directors, with appointments expected to be made in the coming months.
