Sheffield Forgemasters Appoint New Chair

Published: 31 January 2023

Sheffield Forgemasters will welcome Sir Tim Fraser as its new Chair and Non-Executive Director from the first of February 2023.

Sir Tim has spent the last twenty years in senior Ministry of Defence positions, across both operational and senior central leadership roles, most recently as the Vice Chief of Defence Staff and has completed 40 years in the Royal Navy.

Colin Smith CBE, steps down as Chair after almost five years with the company.

David Bond, Chief Executive Officer, said: “We are delighted that Tim Fraser is bringing his significant senior leadership experience to the role of Chair at Sheffield Forgemasters as we progress the substantial recapitalisation and site transformation programme.

“Sheffield Forgemasters is entering a new phase of intense development and Tim’s experience and understanding of the challenges in leading the board through this significant change will be invaluable.

“We’d also like to thank our outgoing Chair, Colin Smith, for the outstanding support that he gave to the business and during negotiations for the company’s acquisition by the Ministry of Defence.”

During his tenure at the Ministry of Defence, Sir Tim Fraser led major change programmes as well as overseeing strategy, capability development, and major defence capital investment projects.

Sir Tim said: “I know from my time as the Vice Chief that Sheffield Forgemasters plays an extremely important role in the delivery of defence capabilities. 

“I am hugely looking forward to joining the team, to deliver on this once in a generation opportunity to modernise and grow the business as it pushes forward with a significant recapitalisation programme to replace defence critical assets.” 

Sir Tim joined the Royal Navy in 1982, has commanded destroyers and the aircraft carrier, HMS Illustrious, UK and coalition maritime forces in the Middle East and served as the Chief of Joint Operations - responsible for UK Joint Operations overseas.