Babcock finance director Martinelli to retire
Babcock said on Friday that finance director Franco Martinelli plans to retire after 18 years at the aerospace and defence company.
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The group said Martinelli will remain in his role until a successor is found.
Chair Ruth Cairnie said: "I would like to thank Franco on behalf of the board for his many years of dedicated service. He has made a valuable contribution to Babcock throughout his distinguished career, and has played a significant role in the strategic development of the group."