Banknote printer De La Rue has announced the appointment of Martin Sutherland as their new chief executive.
Mr Sutherland joins the firm, which has an operation in Gateshead, from defence firm BAE Systems Applied Intelligence, where he has been managing director since it was acquired by BAE Systems six years ago.
The Oxford University masters graduate, who also holds a Masters of Science from Imperial and UCL, London University, is a member of the UKTI Security Sector Advisory Group and the joint industry government Cyber Growth Partnership.
He holds a MA in Physics from Oxford University and a Masters of Science from Imperial and UCL, London University,
He will take up his position and join the board as an executive director no later than October 13.
At BAE Systems Applied Intelligence, which traded as Detica before its buyout, Mr Sutherland has been responsible for the strategic expansion of the business, internationally through organic growth and a number of acquisitions.
During his tenure turnover has more than doubled and the business now employs around 3,000 people across 26 offices worldwide, with over 50% of the revenue now coming from new lines of business in counter fraud, cyber security and communications solutions.
Before then he worked for competitor Andersen Consulting – now Accenture – and British Telecom.
Philip Rogerson, De La Rue chairman, said: “After an extensive search the Board is delighted to appoint Martin as De La Rue’s CEO. He brings strong commercial skills, and wide experience of growing technologically demanding businesses supplying governments and financial institutions worldwide. His track record of strategic leadership will also be of considerable benefit.
“Once Martin has joined the company I shall resume my role as non-executive chairman and Colin Child will revert to his group finance director role.”