Supplier of space, land, air and sea solutions to appoint new chair after John Devaney departs.
Technology and services innovator Cobham says its chairman John Devaney is preparing to leave at the end of this year, after the appointment of a new chief executive and chief financial officer. Senior independent non-executive director Mike Wareing will take over as chairman, a role he is expected to hold until the 2019 general meeting. He will support the new CEO and CFO and run the process to find a new chairman. The FTSE 250 group, which provides technology and services for space, air, land and sea, was forced to launch a £507m rescue rights issue after issuing a profit warning in April. Some analysts have blamed the company