Ultra Electronics appoints CEO

Ultra Electronics has appointed Simon Pryce as its chief executive officer.

He will join the group and its board on 18 June 2018.

Pryce was Group chief executive officer of BBA Aviation from 2007 to 2017. He is a non-executive director of Electrocomponents. Douglas Caster, who assumed the role of executive chairman in November 2017 at the request of the board, will revert to being non-executive chairman on 18 June.

Caster said: "I am delighted to welcome Simon to Ultra. His broad experience, especially his international, plc and financial background make him an excellent choice as Ultra's next chief executive officer. Simon has a proven track record as a strong businessman and the board is confident that he has the qualities to lead Ultra for the next stage of the group's development."

At 9:24am: (LON:ULE) Ultra Electronics Holdings PLC share price was +6.5p at 1392.5p