LONDON (Alliance News) - Aerospace and defence technology company Cobham PLC on Wednesday said its chief executive will step down at the end of 2016 and will be replaced by the boss of wireless components designer Laird PLC.
Bob Murphy, Cobham's current CEO, will step down no later than the end of 2016 to "pursue other opportunities", Cobham said.
He will be replaced by David Lockwood, currently the CEO at Laird, who will join the company no later than January 1, 2017.
Laird will replace Lockwood with Tony Quinlan, its current chief financial officer. He will take the top job on September 5, when Lockwood will step down.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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