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Spectris hires rival’s former finance chief as new CFO

Derek Harding was the chief financial officer at rival engineering group Senior between 2013 and 2017, so he should know a thing or two about the industry

derek harding
Harding (pictured) is replacing Clive Watson, who is retiring after 12 years

Spectris PLC (LON:SXS) has appointed the former finance boss of rival engineering group Senior PLC (LON:SNR) as its new chief financial officer.

Derek Harding, who headed up Senior’s finance team between 2013 and 2017, will join Spectris from Shop Direct at the beginning of March.

READ: Spectris maintains full-year guidance

He is replacing long-term CFO Clive Watson who is retiring from his position, and the pair will work together throughout March before Harding takes the reins by himself on 1 April.

“I am delighted that Derek is joining Spectris,” said chairman Mark Williamson.

“He has broad experience in the industrial and technology sectors, as well as across a number of financial disciplines. He also brings significant experience in driving change and implementing strategy.”

Williamson added: “I would like to express my thanks to Clive who has had a very successful 12 years as group finance director. The board and I are grateful for his dedication and impact and wish him well in his retirement.”

Spectris shares rose 2.1% to 2,433p in early deals on Tuesday.

Quick facts: Spectris PLC

Price: 2494 GBX

Market: LSE
Market Cap: £2.9 billion

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