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FOR IMMEDIATE RELEASE 30 JUNE 2026
CHEMRING GROUP PLC ("Chemring" or the "Group")
CHEMRING NOBEL APPOINTS GEIR HÅØY AS NEW CHAIR OF BOARD
Chemring Nobel, Chemring's Norwegian subsidiary, is pleased to announce the appointment of Geir Håøy, former CEO of Kongsberg Gruppen, as the new Chair of its Board. He will assume this role on 1 July 2026, taking over from Sarah Ellard who has been Chair of Chemring Nobel since 2019 and who has announced her intention to retire from Chemring Group in 2027. Chemring Nobel extends its sincere thanks to Sarah for her invaluable contribution and commitment to the company.
This appointment comes as Chemring Nobel enters its most significant growth phase in decades. The company is significantly expanding capacity at its Sætre site and is currently working with the Norwegian Government on a feasibility study into the establishment of a new production facility to help meet Norway's, Europe's and NATO's growing demand for advanced military explosives.
Geir Håøy is one of Norway's most experienced defence-industry leaders. He joined Kongsberg Gruppen as a systems engineer in 1993 and served as CEO from 2016 until stepping down earlier this year. He led the group through major acquisitions, international expansion and a decade of growth. He brings the experience and strategic insight to guide Chemring Nobel as it scales up, along with an ability to navigate stakeholders across the Norwegian industrial and political landscape. Both will be a significant strength for Chemring Nobel and for Chemring Group as a whole in the years ahead.
Michael Ord, Chief Executive of Chemring, commented:
"We are delighted to welcome someone with Geir Håøy's experience to lead Chemring Nobel's Board. His industrial leadership and strategic insight will be a significant asset as the business scales up to meet the critical needs of our allies. I am certain that he will make a strong contribution to the continued development and progress of Chemring Nobel and its critical role in NATO's defence industrial base, and I look forward to working together."
Geir Håøy added:
"I am truly looking forward to joining Chemring Nobel as Chair of the Board. Working closely with the Chemring Nobel management and the Group executives will be a privilege, and I am excited to contribute to the company's continued growth and strategic development."
-ENDS-
For further information:
Rupert Pittman Group Director of Corporate Affairs, 01794 463401
Chemring Group PLC
James McFarlane MHP Group 07584 142665
Ollie Hoare 07817 458804
Cautionary statement
This announcement contains forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as anticipate, target, expect, estimate, intend, plan, goal, believe, will, may, should, would, could, is confident, or other words of similar meaning. Undue reliance should not be placed on any such statements because they speak only as at the date of this document and, by their very nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and Chemring's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. There are a number of factors which could cause actual results to differ materially from those expressed or implied in forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are: increased competition, the loss of or damage to one or more key customer relationships, changes to customer ordering patterns, delays in obtaining customer approvals for engineering or price level changes, the failure of one or more key suppliers, the outcome of business or industry restructuring, the outcome of any litigation, changes in economic conditions, currency fluctuations, changes in interest and tax rates, changes in raw material or energy market prices, changes in laws, regulations or regulatory policies, developments in legal or public policy doctrines, technological developments, the failure to retain key management, or the key timing and success of future acquisition opportunities or major investment projects. Chemring undertakes no obligation to revise or update any forward-looking statement contained within this announcement, regardless of whether those statements are affected as a result of new information, future events or otherwise, save as required by law and regulations.
Notes to editors
· Chemring is a FTSE-250 listed global business that specialises in the manufacture of high technology products and the provision of services to the defence, security and aerospace markets
· Employing approximately 2,700 people worldwide, and with production facilities in four countries, Chemring meets the needs of customers in more than fifty countries
· Chemring is organised under two strategic product segments: Sensors & Information and Countermeasures & Energetics
· Chemring has a diverse portfolio of products that deliver high reliability solutions to protect people, platforms, missions and information against constantly changing threats
· Operating in niche markets and with strong investment in research and development ("R&D"), Chemring has the agility to rapidly react to urgent customer needs