New CFO appointed at Low & Bonar

The company has named ex-Smith & Nephew executive Ian Ashton to the role.

Mr Ashton will be appointed to the Low & Bonar board as an executive director on 10 December, a stock market announcement stated.

Mr Ashton was previously CFO of Labviva LLC, a US-based technology company.

Until December 2017, he worked for twenty years at Smith & Nephew in various financial roles of increasing seniority in the UK, the US and China.

His last role was CFO, Global Operations, and prior to that he served as CFO of their Advanced Surgical Devices Division, the company added.

Following Mr Ashton’s appointment, current Low & Bonar CFO Simon Webb will step down from the board on December 17 but remain employed by the company until the end of February.

Low & Bonar chief executive, Daniel Dayan, said: “We are delighted to welcome Ian to the board and to Low & Bonar’s senior management team.

“We look forward to his contribution as we develop and implement strategies to deliver operational improvement and profitable growth.”