Richard Ingram drafted in as new CEO of Diploma, joining from Smiths Group
Richard Ingram has been appointed as the new Chief Executive Officer of Diploma, replacing Bruce Thompson.
Ingram will take on the top job at the British industrial components producer in April after leaving engineering conglomerate Smiths Group, where he has been President of Smiths Detection.
Previous to joining Smiths, Ingram worked in the aeronautical industry for a number of years in senior management roles at TRW Aeronautical Systems and Goodrich Corporation. After training as an engineer, he had stints at Shell and Lucas Automotive earlier in his career.
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Diploma, which provides components for Formula One cars, made £452mn in 2017, an 18% rise in revenues from the previous year.
"Richard is a proven, successful business leader and I'm delighted to welcome him to the Board," said Diploma's Chairman John Nicholas. "He brings strategic vision and a strong track record of creating value, he is the ideal person to lead Diploma in the next phase of evolution and growth and we all look forward to working with him."
Ingram added: "I am delighted to be joining at this time, and look forward to working with John and the Board in order to lead Diploma on the next stage of its development."
Thompson's retirement from Diploma was announced last September, bringing to an end a 22-year career as CEO in which he oversaw a major divestment of its three core businesses.
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