GKN plc’s Chief Executive, Nigel Stein, has informed the Board of his intention to retire. He will step down from his role as Chief Executive effective December 31, 2017, and as a Director effective March 14, 2018. Kevin Cummings, currently Chief Executive Aerospace, will succeed Nigel as Chief Executive of GKN plc from 1 January 2018.
Cummings joined GKN Aerospace North America in 2008. He assumed the role of Chief Executive Aerospace in January 2014 and was appointed to the Board in January 2016. According to the company, he has extensive experience of running a global business in GKN, and as an existing Board member offers an excellent and in-depth perspective of the GKN Group.
“Kevin was key to the successful acquisition of Fokker,” stated Mike Turner, GKN’s Chairman. “His contribution since being appointed to the Board has been substantial and I am sure he will be an excellent successor to Nigel.”
Stein joined GKN in 1994 and became a Board Director in August 2001. During his sixteen years on the Board he has held the roles of Group Finance Director and Chief Executive Automotive, before being appointed Chief Executive in January 2012.
“On behalf of the Board, I would like to thank Nigel for the significant contribution that he has made to GKN,” added Turner. “During his tenure as Chief Executive, Nigel has overseen the transformation of the Group, greatly expanding the Aerospace division and moving Driveline into electric drive. He has been instrumental in GKN’s substantial growth. I would like to extend my personal gratitude to Nigel and I’m sure I speak for everyone at GKN in wishing him every success for the future.”