Kevin Cummings, previously CEO designate of GKN, will reportedly leave the board and GKN with immediate effect.
Cummings was intended to replace Nigel Stein, who will continue as chief executive until he retires from the role on 31 December 2017.
GKN said that its board ‘has concluded that the next stage of GKN’s development is best delivered under alternative leadership’ and asked Anne Stevens, currently a non-executive director of the board, to assume the role of interim chief executive with effect from 1 January 2018 until a successor is appointed.
Stevens has extensive experience across both automotive and aerospace industries and is a former chairman, CEO and president of Carpenter Technology Corp, a specialty metals producer for the aerospace, transportation, medical and energy sectors. Before this she held a number of roles during a 16-year career at Ford Motor Company, latterly as COO for the Americas. She was appointed to the Board in July 2016.
In other movements, the appointment of Hans Büthker, formerly CEO of Fokker Technologies, to the role of chief executive GKN Aerospace will be brought forward to take effect immediately. GKN says. He will work with the rest of the executive team to develop plans to improve margins and cash flow across the group.
The company says that its nominations committee will lead an internal and external search process, together with external consultants, to identify and appoint a successor as chief executive of GKN immediately.
This story is reprinted from material from GKN, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
