Sheffield Forgemasters has appointed David Bond as its new CEO with long-standing boss, Graham Honeyman, taking a global business development role.
The company said it has been looking to make senior management changes for a number of months as it builds on its current senior team to increase market reach and insight.
Honeyman will continue with the company as consultant head of international business development working with the new Bond, who takes up office in August 2018.
“It has been my intention to step down from the role of CEO for some time now and to allow for a new management structure to take the business forwards, David Bond will be joining us from BAE Systems as CEO from 1 August,” said Honeyman.
“I’m pleased to welcome David, who has over 30 years of experience in the Defence sector and has managed manufacturing businesses in UK and Sweden, delivering Combat Vehicles to the British Army and international customers.
“Most recently David was COO for BAE Systems Australia with specific responsibilities for their Maritime, Land and Integrated Systems businesses.”
The CEO change is part of a wider raft of changes at Sheffield Forgemasters, which will also include forthcoming appointments of a new chief financial officer, a new chief operating officer and a company chairman.
Brendan Kendrick has recently been appointed as company sales director and the other senior positions are due to be assigned by September.
Honeyman will still sit in on board meetings in an observational role and his extensive customer relations experience, gleaned from years of international trade, will take precedence as he works to secure new business.