CFO appointed at Sheffield Forgemasters

30th July 2018

Sheffield based engineering specialist Sheffield Forgemasters International Ltd has appointed a new Chief Financial Officer (CFO) as the company restructures for the future.

Following recent announcements of executive changes at the company, Stephen Hammell takes on the position of CFO and a place on the board of directors at Sheffield Forgemasters. Stephen is a Chartered Accountant with over 20 years' experience in corporate finance, banking and financial leadership, having worked at PwC, Yorkshire Bank, Grant Thornton, eBECS Ltd and more recently, as CFO of ECSC Group plc, a cyber security specialist quoted on the London Stock Exchange. Chief executive, Dr Graham Honeyman, said: -I have been working very hard to secure key personnel to sit on the board of directors and choosing somebody with an appropriate breadth of experience for the position of CFO was crucial. -Steve brings a superb amount of insight into the business and his past experience working with and for financial institutions and banks, combined with high level experience within industry makes him a real asset to the company moving forward. -I am pleased to announce that we are also nearing completion of other key appointments of a chief operating officer, which is a new role, and a chairman. These will be confirmed over the coming months. Brendan Kendrick has recently been appointed as company sales director and the other senior positions are due to be assigned by the end of summer. Stephen Hammell, (45) who lives in Selby, said: -I am delighted to be joining the board of one of the UK's great engineering companies. -I'm very much looking forward to working alongside the other company directors, as the business seeks to build on its unique standing in the engineering sector to develop the growing opportunities in the defence, nuclear, energy and power generation markets, both in the UK and internationally. -This role brings a number of challenges, with the global engineering market remaining highly competitive. However, the unique calibre of people, skills and experience at Forgemasters means that we can compete on a worldwide stage in our chosen markets. -I will be working with an established senior team at Forgemasters as we drive the business into new markets and will focus on the factors driving the long-term success of the company, including financing arrangements, people investment and plant upgrades. Sheffield Forgemasters is a world leader in the delivery of engineering research and development projects, forging technologies, steelmaking and ultra-large steel castings and can trace its roots in Sheffield back for more than 200 years.