Industrial group’s co-founder to stand down

David Roper, executive vice-chairman of Melrose
Melrose co-founder David Roper is to retire next year, after 17 years at the centre of the industrial group. It owns GKN following a protracted takeover last year as well as Brush Turbogenerators and Nortek and now has a market valuation of more than ¬£9bn. Roper, who is executive vice chairman of the FTSE-100 group, will be 70 when he departs in May 2020. He was chief executive for nine years, from the flotation in 2003 to 2012. It was created to buy companies that were viewed as underperforming. In 2015 it sold Elster for ¬... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...