Industrial group’s co-founder to stand down
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.
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