Pryce will join FTSE 250-listed Ultra Electronics on June 18, when current Executive Chairman Douglas Caster will return to his role as non-executive chairman.
Pryce headed up aviation services firm BBA Aviation from 2007 to 2017. He is also a non-executive director of Electrocomponents PLC, and has previously worked at GKN PLC, JPMorgan, and Lazards Asset Management.
Caster commented: "I am delighted to welcome Simon to Ultra. His broad experience, especially his international, plc and financial background make him an excellent choice as Ultra's next chief executive officer.
"Simon has a proven track record as a strong businessman and the board is confident that he has the qualities to lead Ultra for the next stage of the group's development."
Shares in Ultra were up 0.7% on Thursday at
