Vesuvius PLC - London-based molten metal flow engineering - and Chemring Ltd - Romsey, Hampshire-based technology supplier to the aerospace and defence industry - Both announce Chemring Chair Carl-Peter Forster will become chair of Vesuvius on December 1, after joining its board on November 1. Current Vesuvius Chair John McDonough steps down from the board on December 1.
Forster will remain as chair of Chemring and as senior independent director at Babcock International Group PLC. However, he will step down as chair of Hella KGaA and some board positions in smaller non-UK companies, Chemring explains. Hella KGaA on Monday announced Forster will resign on September 30.
Current Vesuvius stock price: 344.00 pence, up 0.5% on Wednesday
12-month change: down 39%
Current Chemring stock price: 331.50 pence, up 0.9% on Wednesday
12-month change: up 23%
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