Enginnering firm apppoints new chief operating officer and chief finance officer as it posts 拢1.9m interim profit
Engineering firm Redhall announced it is to restructure its senior management team, appointing a new chief operating officer and chief finance officer.
Tony Price, who joined the board as an executive director in February 2008, has been appointed Chief Operating Officer, and Simon Foster, who has held the role of Deputy Chief Executive since 2006, has been appointed Chief Financial Officer ('CFO').
Existing CFO Chris Lewis-Jones will step down from the board of the firm but remain as company secretary and head of finance.
Redhall took over 拢40m in revenue in the first half of this year with its engineering business largely focused on the growing nuclear industry. It is also reported a 116% leap in profits in the six months to June, of 拢1.9m.
David Jackson, chairman and chief executive, said: 鈥淭his board restructuring takes account of the dramatically different company that Redhall has become over the last three years and focuses on balancing the key strengths of our senior management team in order to be better prepared for our drive for further growth'.
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