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Aerospace management changes your questions answered… As you know our Aerospace management team will be changing in line with the re-sizing o our business. Neil Kirk will be retiring at the end o this year with Richard Lyall moving in to the position o managing director. Eric Bray will also be leaving the business at the end o the year with Chris Kenchington taking over our non-Airbus client accounts, as well as those he already manages with Airbus. These changes will come in to play in the New Year, but Neil will continue to support the Aerospace business in an ongoing consultative capacity. Eric will also continue to support us or the rst part o next year. We have held inormal drop in sessions across our oces since the announcement to give you the opportunity to ask any questions you may have about these changes. Here we’ve summarised your most common questions… Who made these decisions? Neil and Eric. Chris Kenchington was the obvious choice to replace Eric due to his existing experience with our Aerospace clients. The decision to appoint Richard Lyall as managing director was a joint decision between Neil Kirk and Geo Robins. Others, such as David Tonkin and Pete Myers were also consulted in this process and all agreed that Richard is in the best position to lead the business during this challenging time in the market. How has the overall management structure changed throughout the resizing period? Our management team (all but the directors) were included in July’s resizing process. Our senior teams (grades 14 and 15 in the UK and India, and the equivalent senior levels in other locations) have reduced by around 30% overall. What does the overall organisation look like going forward? The structure o the organisation has not changed. You can see the top level organisation chart here which shows Aerospace as it currently stands. It’s important to remember our organisation always has and will continue to evolve naturally over time as circumstances changes, but undamentally our structure is sound. Neil and Eric have extensive aerospace knowledge – what will be the effect of losing this? Both Neil and Eric have agreed to provide consultancy support to us on an ongoing basis in order to capitalise on their knowledge and experience o the aerospace market. Are we a sinking ship? No. In aerospace terms, we’re now fying straight and level. We’re now the right size or the volume o work we have coming in over the next 18 months and we hope to tap into more opportunities in the US market also. 2 | This document is for internal use only
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