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Quickstep appoints high-profile Board member ahead of move to aerospace manufacturing
- Quickstep expands Board with appointment of former BAE Systems senior executive, David Singleton, as non-executive director.
- Brings extensive experience in international aerospace manufacturing, defence contracting and governance of ASX-listed companies.
- Represent further endorsement of Quickstep's standing in the international aerospace industry following the recent appointment of former RAAF Chief, Errol McCormack, to the Board.
Australian advanced materials company Quickstep Holdings Limited (ASX:QHL - "Quickstep") is positioning itself for a quantum shift in its development as it prepares to start manufacturing for the multi-billion dollar Joint Strike Fighter project, today announcing the appointment of former BAE Systems senior executive, David Singleton, to the Board as a non-executive director.
The appointment reflects Quickstep's growing prominence and stature as it gears up to deliver up to $700 million in potential contracts as part of the JSF Project.
David Singleton is the current Chief Executive Officer of Poseidon Nickel and was formerly CEO of Clough Engineering.
In addition to his experience at the helm of ASX-listed companies, David's core contribution to the Quickstep Board will be based on his significant experience in the global aerospace industry, having held numerous senior roles with BAE Systems (British Aerospace).
These include Group Head of Strategy and M&A (1997-1998 and 2003), Managing Director - Asset Management (1998-1999), and Chief Executive Officer of AMS NV - an Anglo-Italian Joint Venture between BAE Systems and Finmeccanica operating in defence and civil electronics (1999-2003).
Prior to joining BAE, David also held senior management roles with several British defence manufacturers, including Business Unit Director of Royal Ordnance Rocket Motors (a wholly-owned subsidiary of British Aerospace focused on the research, design and manufacture of military missile motors and civil space thrusters); and General Manager of Royal Ordnance WFV (a UK-based manufacturer of guns and fighting vehicles for military applications).
He brings a wealth of experience and strategic vision in international aerospace business, defence contracting, technology-based products and ASX-listed companies.
Commenting on his appointment to the Quickstep Board, Mr Singleton said: "I am delighted to be joining Quickstep at this exciting time in the Company's growth as it prepares to commence aerospace manufacturing, and look forward to contributing to its ongoing success."
Quickstep's Chairman, Mr Mark Jenkins, said the Mr Singleton's appointment would bring invaluable new skill sets to the Quickstep Board at a pivotal time in the Company's development.
"The commencement of Joint Strike Fighter manufacturing work as well as the significant contracts we have signed on the Quickstep technology represent the start of substantial growth for Quickstep," he said.
"With the Company now on the cusp of this growth period, we believed this was the right time to expand the board, and David's agreement to join the Board represents a major endorsement of our long term business strategy."
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