Qinetiq Group PLC - Announces the formation of a new Australia sector and names Gary Stewart as the sector's chief executive, effective May 1.
Stewart will join QinetiQ from Rheinmetall Defence Australia where he was the managing director responsible for strategy and operational delivery in the Asia Pacific region.
Chief Executive Officer Steve Wadey says: "Gary's extensive experience in the Australian and global defence sectors, alongside his ability to grow businesses at scale, means that he is the right leader to deliver both short-term operational performance and our long-term strategy to grow our Australia Sector at pace. Today's announcement is another significant step in our multi-domestic growth ambition and a strong indication of QinetiQ's commitment to the defence sector in Australia."
Current stock price: 346.21 pence, up 0.9% each in London on Thursday morning
12 month change: up 35%
By Holly Beveridge; Alliance News reporter
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