Melrose Industries' finance chief to step down

(Sharecast News) - The chief financial officer of Melrose Industries is to step down, the blue chip aerospace firm announced on Monday. Matthew Gregory, 56, has informed the board that he plans to retire in 2026, two years after taking up the role.

He will be replaced by Ross McCluskey, executive vice president, EMEA and government and trade services, at Intertek Group. McCluskey has been with the testing and inspection specialist for nine years, including serving as chief financial officer from 2018 to 2021.

Melrose said McCluskey had a proven track record in large, international companies operating in highly regulated and complex industries.

Prior to joining Intertek, McCluskey worked at global automotive distributor Inchcape.

Peter Dilnot, chief executive, said Gregory - who prior to becoming CFO had worked as finance chief at Melrose's operating business, GFK Aerospace - had made an "invaluable contribution" to the business.

"His expertise and insight have helped us to successfully transform into the industry-leading global aerospace and defence business we are today," he said.

Both Gregory's retirement date and McCluskey's start date have yet to be confirmed.