The chief financial officer (CFO) at Melrose Industries, Matthew Gregory, has informed the board of his intention to retire and leave the company.

The FTSE 100 aerospace manufacturing firm said that he has provided excellent leadership, rigour and expertise in his time in the role, and is set to step down next year.

Melrose added that it has appointed Ross McCluskey to succeed Gregory as CFO and he will join the firm and the board in May 2026.

McCluskey brings more than a decade of experience in senior finance and leadership roles, having spent the last nine years at Intertek Group, most recently serving as executive vice president, EMEA and Government and Trade Services.

He also served as group CFO at Intertek from 2018 to 2021. McCluskey has also worked at Inchcape, JP Morgan, Gleacher Shacklock and Greenhill & Co.

Chief executive officer at Melrose, Peter Dilnot, said: "On behalf of the board and everyone at Melrose, I would like to express our thanks to Matthew for the invaluable contribution he has made to the company. His expertise and insight have helped us to successfully transform into the industry-leading global aerospace and defence business we are today. We wish him well as he prepares for his retirement next year.

"I am delighted that Ross will be joining Melrose as our new CFO. His seasoned leadership, deep financial and operational expertise, international mindset and public company experience will be invaluable as we execute our growth strategy. I look forward to working closely with Ross to deliver on Melrose's exciting potential in the years ahead."

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