Oct 17, 2017
Smiths Group hires new CFO from Dyson
FTSE 100 engineering group Smiths has hired John Shipsey as its new chief financial officer - a role he will assume in January after a handover from Bill Seeger, who himself took on the post on an interim basis in May. Mr Shipsey was the CFO at Dyson for 12 years. He said he was "Excited by the opportunity". Smiths has enjoyed brighter fortunes of late, posting the first rise in half-year profits since 2013 in March, due in part to the weaker pound but also boosted by upbeat demand for airport X-ray scanners. Smiths started out as a jewellery shop in 1851 and floated on the London Stock Exchange days before the outbreak of the first world war. Andrew Reynolds Smith, its chief executive who took over in 2015, has insisted his mandate is to build rather than break down the company, while selling off smaller units that are not core to the group.
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