Nasmyth has announced the appointment of James Larner as its new Chief Financial Officer (CFO).
In his new position Larner will be responsible for the group’s financial and IT decision-making and support the Board with strategy formation and execution.
He was most recently CFO for DeterTech Group, an intelligence-led security solutions business and managed the process of private equity investment as well as strategic M&A and refinancing. Prior to that he was CFO of AIM-listed Autins Group leading on the IPO process taking the Group from private to public ownership and securing growth investment. Both roles were wide ranging with direct responsibility for the financial, legal, IT, HR and supply chain functions together with direct daily involvement in the sales and operational improvements and management.
Larner is a chartered accountant having trained at Ernst & Young Birmingham, UK, and has also held senior positions at Caparo Mill Products, Tata Steel Distribution and Eliza Tinsley Group PLC with experience in leading business turnarounds and improvement processes.
Established in December 2003, Nasmyth brings together in a single effective team the collective expertise, resources and technology of the customer-orientated, precision engineering businesses. These provide the basis for four global capabilities machining of hard and soft metals, systems and defence manufacturing and assembly, fabrication and welding and metal treatments. Nasmyth currently employs over 450 highly experienced and specialist industry professionals.