Renishaw has announced the appointment of John Shipsey as the company’s new chief financial officer (CFO).

Shipsey will also become an executive director at the engineering company, with effect from next (13 April).

Renishaw said Shipsey would join with significant board and executive leadership experience, having undertaken the role of CFO in various companies in the listed and private setting.

This includes 12 years at Dyson, five years at Smiths Group and two years at Featurespace. Shipsey has also held finance and strategy roles at Diageo earlier in his career and served as a non-executive director of Dechra Pharmaceuticals.

Interim chair at Renishaw, Sir David Grant, commented: “I would like to warmly welcome John to Renishaw and its board. John brings a deep understanding of the industrials sector and its associated performance drivers.

“He has a strong track record of leading high-performing finance functions, and we look forward to him strengthening both the board and executive leadership team.”

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