New chief executive for castings firm following £3.5m cash call

Castings firm Chamberlin has revealed a new chief executive following a £3.5m fund raising round.

Kevin Price is set to take over from Kevin Nolan on June 1. Price has been at Chamberlin since 2015 and is currently operations director of the firm’s foundry and machining facility. He has been closely involved in Chamberlin’s restructuring plans.

It is unclear why Nolan has stepped down, but he will remain in a director role at the company.

Chamberlin said a full announcement will be made “in due course”.