Brierley Hill-based engineering group Hampson has appointed Paul Gismondi as independent non-executive director following the retirement of Jonathan Palmer.
Mr Gismondi, aged 52, is managing director of Lazard and has more than 30 years’ experience in the banking industry. He leads Lazard’s Capital Markets Advisory business in London and is responsible for advising, acting as sponsor and acting as placement agent on a wide range of securities offerings and private placements both in London and internationally. He is also a non-executive director of Panmure Gordon.
Mr Palmer steps down from the board after more than five-and-a-half years as a non-executive director. He intends devoting more time to his growing portfolio of commercial interests in South Africa and its neighbouring territories.
Hampson chairman Chris Geoghegan said: “Jonathan Palmer has played a key role in the development and evolution of the Hampson group over the last five-and-a-half years.
“His financial acumen and entrepreneurial insight have made a significant contribution to the formulation and execution of our growth strategy”
He added that the board welcomed the appointment of Mr Gismondi, who with “proven financial expertise and industry experience” would help the firm’s continued growth.
Hampson operates in three business sectors, primarily the global commercial and military aerospace industry but also in the specialist engineering and automotive markets.
The company, which has manufacturing facilities in the UK, North America and India, last week celebrated the award of three major contracts.