News Column

Mark Rollins invites fresh blood at Senior as he retires as chief

August 5, 2014

AASHIKA JAIN



SENIOR, manufacturer of parts for aircraft and cars, said its group chief executive, Mark Rollins, would retire in the first half of 2015.


The FTSE-250 company''s shares fell as much 2.8 per cent on the London Stock Exchange yesterday.


Rollins, 52, has spent 17 years at Senior, including seven as chief executive. He said the recruitment process for a successor was already underway.


In a note to research analysts, Rollins said he was a strong believer in fresh blood at the top.


Jefferies analyst Andrew Douglas said that Rollins' exit had created uncertainty in the minds of investors.


Reuters


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Source: City A.M. (UK)


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