Richard Webb has been named temporary CFO and board member of TT Electronics plc, a company situated in Surrey.
Webb, who most recently worked as CFO of former FTSE 250 component Ultra Electronics, contributes experience to the worldwide engineer and manufacturer of electrical solutions for crucial applications.
He became a chartered accountant with Deloitte, where he began his career.
He most recently held the position of temporary group finance director at Wickes, a major retailer.
Eric Lakin, acting CEO, said: “I am delighted to announce Richard’s appointment and warmly welcome him to TT Electronics plc.
“Richard’s experience and expertise in our sector and markets will be invaluable in driving performance in our business.”
After former CEO Peter France resigned in April after just 18 months, Lakin has been acting CEO for little over a month.
Over the last year, the company’s share price has fallen, from 157p on May 13, 2024, to 80.63p at 9am today.
At the moment, its market value is £144.2 million.
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