Finyear: New Finance & Blocktech Daily News

Vendredi 15 Mars 2013

UK | CFO Moves - week ending 1 March 2013

Tracking CFO Movement Across the United Kingdom.

CFO Moves in the UK this week include:

Rio Tinto has appointed Chris Lynch as chief financial officer to succeed Guy Elliott, with effect from 18 April 2013. Chris Lynch joined the Rio Tinto boards as a non-executive director in September 2011. He remains on the boards and will become an executive director and member of the Executive Committee as chief financial officer-elect on 1 March 2013. Chris Lynch will be based in London. Guy Elliott steps down as chief financial officer at the conclusion of the Rio Tinto plc AGM in London on 18 April 2013. Chris Lynch was chief executive of Transurban Group, an Australian toll road owner and operator with interests in Australia and the US, from 2008 – 2012. He held a series of senior appointments at BHP Billiton between 2000 and 2007, spending six years as chief financial officer before becoming executive director and group president – Carbon Steel Materials. Prior to that he held various senior leadership roles at Alcoa Inc., including vice-president and chief information officer (1999 to 2000), chief financial officer, Europe (1997 to 1999) and managing director of KAAL Australia Limited, a joint venture between Alcoa and Kobe Steel of Japan (1995 to 1997).

Kazakhmys PLC announced that Matthew Hird has decided that he wishes to step down as Chief Financial Officer in May 2013, to coincide with the forthcoming Annual General Meeting, having spent six years in the role. Andrew Southam, the current Deputy Chief Financial Officer, will become Chief Financial Officer. To ensure a smooth transition, Matthew will remain with the Group until the end of the year.

Travis Perkins announced the retirement of Finance Director Paul Hampden Smith, who has been replaced by Tony Buffin. Hampden Smith is staying on at the company until September 2013 to ensure a proper handover.

Lloyds Banking Group is pleased to announce the appointment of Nicholas Luff as an independent Non-executive Director. Mr. Luff will join the Board on 5 March 2013 and will serve as a member of the Audit and Risk Committees. Mr. Luff will become Chair of the Audit Committee on 1 April 2013. Nick is the Group Finance Director of Centrica plc. He was previously the Finance Director of The Peninsular & Oriental Steam Navigation Company and Chief Financial Officer of P&O Princess Cruises plc. Until December 2010, he served as a Non-executive Director and was the Audit Committee Chair of QinetiQ Group.

Morgan Sindall Group plc announced that further to the announcement in January 2013 regarding the appointment of Steve Crummett as Finance Director, Steve has joined the Board of the Group. David Mulligan stepped down from the Board and will be leaving the Group on 10 April 2013.

Samuel Dergel - The CFO Expert.
Should you have any CFO Moves to report, please email us.


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