Patrick Davison has been appointed as chief financial officer (CFO) to the board of Sheffield Forgemasters.
Patrick is a UK qualified accountant (CIMA) with more than 18 years’ experience including executive roles in international businesses, engineering, manufacturing, and aerospace industries.
Most recently, Patrick acted as group finance director for Masonite Europe, overseeing a $40 million transformation programme and joins the board at MoD-owned Sheffield Forgemasters as it recapitalises its defence-critical assets.
Gary Nutter, chief executive officer at Sheffield Forgemasters, said: “We are delighted to welcome Patrick to the Board of Directors.
“As CFO, he will be closely working with a highly experienced senior team as we steer the business into new markets.
“His role will be fundamental to securing long-term success for the business, through sound financing decisions, plant upgrades and investment in our workforce.
“Patrick was appointed after a full recruitment process for the role and impressed the Board with his track record of managing demanding transitions and complex operating models across engineering and manufacturing enterprises.
“He joins Sheffield Forgemasters as we work to increase supply of crucial UK Defence components, maintain supply into a global customer base, whilst transforming our business through a major investment programme.”
In previous roles, Patrick acted as group finance director for Radius Aerospace Europe, divisional finance director at Doncaster’s Group’s UK Fabrications and acted as EMEA controller at Stanley Black & Decker Inc, where he led the acquisition and integration of CRC Evans into the Stanley Black & Decker Group.
Patrick Davison said: “This is an incredibly exciting time to be joining one of the world’s most recognised engineering companies, and I look forward to working with the Board to deliver dynamic change for the future.”
Patrick joins Gary Nutter (CEO) and Gareth Barker (COO) as executive directors of the board at Sheffield Forgemasters and takes up position from 2nd June.
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