New CEO appointment

Published: 31 January 2024

New CEO appointment

The Board of Directors has appointed a new Chief Executive Officer (CEO), as David Bond plans to step down.

Gary Nutter joins Sheffield Forgemasters in February, taking full responsibility in March and brings significant experience of global business leadership, most recently serving as CEO and Director of aerospace engineering group, RLC Aerospace Ltd, following careers at Kongsberg Marine Ltd and Rolls-Royce Plc.

David Bond has led the business since 2018 and will soon step down, having extended his tenure to oversee our acquisition by the Ministry of Defence in 2021 and the launch of our recapitalisation programme, supporting manufacture for UK defence.

The appointment of Gary as the new CEO comes at a time of unprecedented change in the company’s history.

He will join a strong and highly experienced Board of Directors to deliver the recapitalisation programme which is now taking physical shape as we prepare the site for new, large-scale manufacturing facilities, unmatched within the UK.

We will soon bid a fond farewell to David, who concludes his secondment to the Board from BAE Systems and thank him for his exemplary management of the company’s transition from employee ownership to Government ownership and subsequent investment.

Gary brings a strong track record of top-level management and understanding of global business operations, which will be vital to delivering the scope of change required at Sheffield Forgemasters and ensuring that our defence and commercial market demands are met.

Pictured above: Gary Nutter, Chief Executive Officer, 

He is an experienced senior leader, having performed roles as CEO, Chairman and Board Director in both large and medium companies spanning different industries, including automotive, aerospace, and marine. 

Gary has led multiple key businesses, including a US$1bn aerospace services business with 840 people in Singapore, through to a Marine Operations leadership role, leading seven sites across five countries. 

The Board of Directors at Sheffield Forgemasters will consist of:

-           Sir Tim Fraser, Chair (former Vice Chief of Defence Staff)        

-           Patrick Butcher, Non-Executive Director (former CFO of Network Rail)

-           Andrew McNaughton, Non-Executive Director (former CEO of Balfour Beatty)

-           Julie Colgan, Non-Exec Director (Executive Director at UKGI)

-           Norman Bone, Non Executive Director (former Chair and CEO of Leonardo UK)

-           Gary Nutter, Chief Executive Officer

-           Gareth Barker, Chief Operating Officer

-           Amy Grey, Chief Finance Officer